8-3-2012- Heineken just made an acquisition that may position it as the new king of beers in Asia. Asia Pacific Breweries or APB is one of the largest brewery chains in the Asian Pacific, responsible for bringing such brews as Tiger, Anchor and ABC. Heineken has agreed to pay Fraser and Neave, one of Singapore’s top food and beverage firms, $4.1 Billion for an 40% stake in APB. This compliments their already sizable holding, giving them an 82% grip. A key move for Heineken, already the third largest brewer in the world, since F&N recently has seen some major bids for power from competitors such as Kirin and Chang. With this increase, APB’s 24 breweries will compliment Heineken with an expected 9% profit boost in Asian markets. On this news, Heineken is trading up 3.43% at $45.98. For this and more updates, you are watching The Financial News Network at FNNO.com Also visit us at Twitter @FNNONLINE.
