HONG KONG — Heineken on Friday offered to pay more than $4 billion for a stake in Asia Pacific Breweries, one of the region’s biggest brewers, trumping an offer made by a rival this week and highlighting the industry’s intense appetite for assets in fast-growing emerging markets.
Heineken, the Dutch brewing giant, offered 50 Singapore dollars, or $39.84, a share, for a 40 percent stake held by Fraser and Neave, a Singapore-listed conglomerate and long-standing partner of Heineken’s in the region.
If the offer of $5.1 billion Singapore dollars, or $4.1 billion, is accepted, it would considerably beef up Heineken’s 42 percent holding in Asia Pacific Breweries.