F&N/APB

F&N/APB: Heineken's move to boost its stake in APB via market trades and by buying Temasek's 1.4% stake likely makes its move to buy F&N's APB holding a done deal, an analyst says. While ThaiBev is at a loss for its F&N buys, Kindest Place will still walk away with around $170m in profits. While buying Temasek's stake appears quite small compared with what Heineken is shelling out to take control of APB, it was likely a strategic move to cover all its bases, including the possibility of taking the Tiger beermaker private. Had Kindest Place bought Temasek's 1.4% stake, the Thai company would have had around 10% control of APB, potentially complicating Heineken's plans to delist APB. What is now up for grabs is a 7.16% stake held by several minority investors. APB is flat at $53.00, matching Heineken's bid price, in strong vol after several large trades. F&N is down 1.1% at $8.26 and ThaiBev is down 1.5%, or a half-cent, at $0.335.