Dutch brewer Heineken’s quest for world brewing domination continues with the announcement that is has reached a deal to buy the group that makes Tiger Beer for a huge $4.1 billion. The move is set to solidify their presence in what is one of the world’s fastest growing beer markets.
According to reports, Fraser & Neave (F&N) has agreed to recommend the offer on its stake in Asia Pacific Breweries (APB) to its shareholders.
APB manufacture Tiger as well as other beers that are popular in the Asian region, particularly in China.
Heineken already owns 41.9 per cent of APB, with the new agreement set to rocket them up to 81.9 per cent – a more than distinctly controlling margin.
Despite a potential challenge from Kirin – shareholders in F&N – for APB, the company has gone on the record as stating they have no interest in the brewing company, keaving Heineken’s path clear.