Skip to main content

The Globe and Mail

Heineken sweetens $6-billion bid for Tiger brewer

Bottles of Tiger and Heineken beers are pictured on the shelf of a grocery store in Singapore in this July 20, 2012 file photograph.

TIM CHONG/REUTERS

Heineken NV has raised its offer for Fraser and Neave's (F&N) stake in the maker of Tiger beer to $53 (Singapore) per share from $50 as it fights against a Thai billionaire, a source close to the situation said on Friday.

The Dutch brewer's revised offer for Asia Pacific Breweries compares with a partial offer by the Thai group of $55 per APB share.

Control of APB is vital for Heineken, which had offered $50 per share for the 58 per cent it does not already own. That includes the 40 per cent of APB held by its long-time partner F&N, a drinks and property conglomerate.

Story continues below advertisement

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.