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View all search resultsHeineken to take full control of Multi Bintang
Dutch beer company Heineken International BV plans to purchase 75
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D
utch beer company Heineken International BV plans to purchase 75.1 percent of shares in PT Multi Bintang Indonesia (MLBI) from Asia Pacific Breweries Limited (APB).
The price of one MLBI share stands at Rp 1.2 million, the highest in the Indonesian Stock Exchange (BEI).
The percentage Heineken plans to buy equals 15,823,570 shares and this mean the Dutch company must pay Rp 18.99 trillion for the planned purchase, which will be discussed during MLBI's extraordinary general shareholders' meeting (RUPSLB) on July 16.
Indirectly speaking, Heineken had actually control 75.1 percent of MLBI shares because last year, the Dutch company had already purchased 100 percent of APB's shares from Fraser & Neave (F&N), Singapore.
MLBI corporate secretary Danny Chan said, as quoted by kontan.co.id, that the planned purchase from Heineken would not change MLBI's controlling shareholders. Therefore, Heineken did not need to launch a tender offer.
