FNN/APB

FNN/APB: Article on BT highlights the risks of sidelining Heineken from the acquisition of APB. Heineken currently has 3 license agreements which are up for renewal in several yrs' time which grant APB the right to brew Heineken beer in Vietnam and Indonesia. Heineken has the right to call an end to these agreements if there is a change in control in the breweries and the agreement also come with non-competition clauses. Kindest (the Thai Bev party) has offered $55 per share for F&N's 7.3% stake in APB which is higher than Heineken's $50 and the deadline for this offer is approx 24 Aug 2012.