Canadian Packaging

Heineken completes purchase of Asia Pacific Breweries

By Canadian Packaging Staff   

General acquisition Asia Pacific Breweries Heineken Singapore tiger beer

Heineken pays nearly $1-billion to complete deal to purchase Kindest Place Group's remaining 8.6 per cent stake in APB.

AMSTERDAM—Heineken International N.V. has completed the purchase of 22,207,130 shares—representing 8.6 per cent of the total issued share capital of Asia Pacific Breweries Limited—held by Kindest Place Groups Limited at a price of S$53.00 per APB share—which works out to a purchase price of approximately Cdn $939-million.

The original deal to purchase was announced on September 19, 2012.

Asia Pacific Breweries, headquartered in Singapore, puts out the iconic Tiger brand of beer and has its line of beers brewed in 10 countries and sold in 60 countries, with a very strong presence in the Asia Pacific region.

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