date:Aug 24, 2012
onths.
After Fraser Neaves (FNs) board signed a formal agreement with Heineken, approving its improved US $53 bid for Asia Pacific Breweries (APB) and recommending it to shareholders, Van Boxmeer said he was pleased.
But he stressed that thetransaction was subject to FN shareholder approval, before adding that Heineken had also acquired 6.9m APB shares on Tuesday, bringing its total stake in its JV brewer up to 44.6%.
The Southeast Asian and Pacific markets contain some of the most exciting