26th Jan 2016 06:41
LONDON (Alliance News) - Singapore-based conglomerate Fraser & Neave Ltd on Tuesday said it has expressed an interest in acquiring the Peroni and Grolsch lager brands set to be sold as part of Anheuser-Busch InBev NV's acquisition of rival brewer SABMiller PLC.
The two lager brands are being sold by AB InBev, the maker of Budweiser, in order to address competition concerns about its merger with SABMiller in Europe.
Fraser & Neave operates food & drink and publishing businesses in Asia and formerly owned Asia Pacific Breweries, which it sold to Dutch brewer Heineken NV in 2012.
The confirmation of its interest in the Dutch and Italian lager brands comes after a report in the Financial Times on Friday which said Japan's Asahi and Thailand's Thai Beverage had both expressed an interest in acquiring Grolsch and Peroni.
In addition to those two, private equity firms Bain Capital, PAI Partners and EQT also are thought to have qualified for the next round of bidding for the brands, which are expected to fetch about EUR2.5 billion.
By Sam Unsted; [email protected]; @SamUAtAlliance
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