SINGAPORE: Fraser & Neave future uncertain amid deal talk

By Dean Best | 27 July 2012

The future of Fraser & Neave has become the subject of speculation in recent days, with the Singapore-based food and drink group the centre of takeover talk.

Heineken today (27 July) extended the deadline for Fraser & Neave to consider the Dutch brewer's bid to buy out the company in their Asia Pacific Breweries joint venture.

The brewing giant made an offer for Fraser & Neave's shares of Tiger beer maker APB last week after Thai brewer ThaiBev bought a stake in the Singapore firm.

Meanwhile, Heineken's initial move has reportedly prompted Japanese food and drink company Kirin Holdings to consider a bid for Fraser & Neave's dairy and soft drink assets.

Kirin already owns a 15% stake in Fraser & Neave.

Sectors: Dairy, Emerging markets, Ice cream, Mergers & acquisitions

Companies: Kirin Holdings

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