Heineken Offers $4.1 Billion for Asia Pacific Breweries Stake – NYTimes.com

Heineken Offers $4.1 Billion for Asia Pacific Breweries Stake – NYTimes.com.

People will always be thirsty.

HONG KONG — Heineken offered on Friday to pay more than $4 billion for a stake in Asia Pacific Breweries, one the region’s biggest brewers, trumping an offer made by a rival this week and highlighting the industry’s intense appetite for assets in fast-growing emerging markets.

Heineken, the Dutch brewing giant, offered 50 Singapore dollars, or $39.84, a share, for a 40 percent stake held by Fraser and Neave, a Singapore-listed conglomerate and longstanding partner of Heineken’s in the region.
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