Dutch brewer Heineken has bid the equivalent of three and a third billion euros for the shares in Singapore’s Asia Pacific Breweries it does not already own.
However the Thai drinks and property billionaire Charoen Sirivadhanabhakdi is also competing for control.
Companies linked to Sirivadhanabhakdi’s Thai Bev recently bought a big chunk of APB’s shares and a stake in one of its major investors.
That put pressure on Heineken to protect its investment in APB, with which it makes the popular Tiger beer.
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