date:Aug 09, 2012
Heineken this morning noted Fraser and Neave's (FN's) announcement that the latter had received an unsolicited and conditional offer from Kindest Place Groups Limited (KPG) for FN's direct 7.3% stake in Tiger Beer brand owner APB, in a S$55 per share offer worth up to S$1bn ($803,000).
KPG's move has been hailed as a shrewd one by financial analysts covering Heineken, one of whom told BeverageDaily.com, however, that it was difficult to work out the precise Thai motives, or whether they had the