| Singapore state investor Temasek Holdings has sold its stake of roughly 1.4 per cent in Asia Pacific Breweries to Heineken, sources said on Tuesday, potentially stopping the Dutch brewer's Thai rival from blocking the takeover.
APB shares soared 4.8 per cent to a record S$53 in Singapore trading on Tuesday after Heineken sweetened its bid for the maker of Tiger Beer to US$6.35 billion to fend off Thai billionaire Charoen Sirivadhanabhakdi, who wants to expand Thai Beverage's footprint in Southeast Asia...............................................Full Article: Source
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