(NEW YORK) — Heineken, the world’s third biggest brewer, bid $6 billion for complete control of Asia Pacific Breweries Ltd., according to Bloomberg.
Although Heineken owns 42 percent of APB, they would like to buy out Fraser and Neave Ltd., who own the other large percentage of the company at a 40 percent stake.
Further negotiations of the business proposal will be discussed between the two interested parties before any official statement will be release about the buyout.
Copyright 2012 ABC News Radio
Nate Eaton, EastIdahoNews.com
Julia Horowitz, CNN
Paul Menser, BizMojo Idaho
Susan Scutti, CNN