Asia Pacific Breweries set to acquire Indonesia`s Multi Bintang
Jakarta (ANTARA News/Asia Pulse) - Asia Pacific Breweries Limited has signed a deal to acquire 68.5 per cent of Indonesian brewer PT Multi Bintang Indonesia (JSX:MLBI) at a price of Rp2.23 trillion (US$240 million).
Chief Executive of Asia Pacific Roland Firmez said he signed the sales and purchase agreement yesterday with Heineken International BV, which owned 75 per cent of Multi Bintang.
The price of Multi Bintang shares surged 14.04 per cent to Rp199,000 after the signing yesterday, the newspaper Bisnis Indonesia said.
Chief Executive of Asia Pacific Roland Firmez said he signed the sales and purchase agreement yesterday with Heineken International BV, which owned 75 per cent of Multi Bintang.
The price of Multi Bintang shares surged 14.04 per cent to Rp199,000 after the signing yesterday, the newspaper Bisnis Indonesia said.