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7/20/12

The Netherlands: Heineken makes euro 3.8 bn bid for Singapore brewer

Dutch beer group Heineken said Friday it had made a Sg$5.1 billion (euro 3.8 billion) takeover bid for Singapore-based Asia Pacific Breweries (APB) as part of its expansion in the region.

Trading of shares in APB, the maker of Tiger Beer, was halted at the Singapore Exchange pending an announcement.

"Heineken's offer is in line with the company's strategy to expand its presence in emerging markets," it said in a statement issued from Amsterdam.

Read more: Heineken makes $4.1 bn bid for Singapore brewer | Radio Netherlands Worldwide

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