AMSTERDAM (Reuters) - Dutch brewer Heineken (>> HEINEKEN) said on Tuesday its bid for Tiger beer maker Asia Pacific Breweries (>> Asia Pacific Brew.) shares held by Fraser and Neave (>> Fraser and Neave) was "richer" and created more value for investors than a sweetened offer from a rival Thai group.
AMSTERDAM (Reuters) - Dutch brewer Heineken (>> HEINEKEN) said on Tuesday its bid for Tiger beer maker Asia Pacific Breweries (>> Asia Pacific Brew.) shares held by Fraser and Neave (>> Fraser and Neave) was "richer" and created more value for investors than a sweetened offer from a rival Thai group.
"We are convinced that our bid is richer and offers more value to shareholders," a Heineken spokesman told ANP-Reuters.
Thailand's Kindest Place Groups earlier on Tuesday made an unsolicited offer of S$55 a share to buy Singapore conglomerate Fraser and Neave's (F&N) direct 7.3 percent stake in APB.
(Reporting by Gilbert Kreijger and Bart Meijer; editing by Sara Webb)
Kirin Holdings Company, Limited is a holding company organized around 3 areas of activity:
- production of beverages (61.6% of net sales): beers, wines and liqueurs (brands Budweiser, Guinness, Heineken, Franzia, Frontera, etc.), carbonated beverages (brands Kirin Lemon), fruit juices (Kirin Tropicana), mineral water (Volvic and Kirin Alkali-Ion-no-Mizu), coffees (Kirin Fire), teas (Kirin Gogo-no-kocha), dairy products etc.;
- manufacturing of pharmaceutical products (19.3%): especially for anemia and allergies treatment;
- other (19.1%) : mainly manufacturing of food products (seasonings, food additives, etc.).
Net sales break down geographically as follows: Japan (64.1%), Oceania (9.6%), America (17.5%) and other (8.8%).