Heineken today (27 July) extended the deadline for Fraser & Neave to consider the Dutch brewer's bid to buy out the company in their Asia Pacific Breweries joint venture.
The brewing giant made an offer for Fraser & Neave's shares of Tiger beer maker APB last week after Thai brewer ThaiBev bought a stake in the Singapore firm.
Meanwhile, Heineken's initial move has reportedly prompted Japanese food and drink company Kirin Holdings to consider a bid for Fraser & Neave's dairy and soft drink assets.
Kirin already owns a 15% stake in Fraser & Neave.
