Singapore’s beverages-to-property firm Fraser and Neave has hired Goldman Sachs as adviser after Dutch brewer Heineken NV made a US$4.1 billion ($5.2 billion) bid to buy F&N’s stake in Asia Pacific Breweries, sources with knowledge of the deal said.
Heineken is offering up to US$6 billion to buy F&N’s stake and ordinary APB shares it does not already own.
Its move came after Singapore’s Oversea-Chinese Banking Corp and an affiliated group received a US$3 billion bid for their stakes in F&N and APB from companies linked to Thai billionaire Charoen Sirivadhanabhakdi.
“Goldman is advising F&N,” said one of the sources with direct knowledge of the deal.
F&N was not immediately available to comment, while a spokeswoman for Goldman declined to comment.
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