Beer Business Daily – beer industry news and numbers

Heineken Prevails in Asia

Dear Client:Billionaire Charoen Sirivadhanabhakdi's Thai Beverage PCL and TCC Assets Ltd said they would vote in favor of the sale of Fraser and Neave's stake in Asia Pacific Breweries Ltd to Heineken, after all. In return, Heineken won't make an offer the rest of F&N. It's been a long ride, folks. And Charoen drives a hard bargain. But Big Green prevailed.Heineken, already sharing control of APB through an 81-year-old venture with F&N, will have a high likelihood of closing this

You need a subscription to access this article.Login now or subscribe to get daily industry insights!

Channels