Singapore conglomerate Fraser & Neave bids for Peroni, Grolsch

Singapore based conglomerate, Fraser & Neave (F&N) have expressed interest in acquiring SABMiller’s two European beer brands, Peroni and Grolsch, adding to a list of global companies that have shown interest in the brands.

The two brands are being sold by AB InBev, the world’s largest brewer and acquirer of SABMiller, in order to address European regulatory 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 chief executive of F&N’s parent company, Thai Beverage, Thapana Sirivadhanabhakdi, said the bid was non-binding and an attempt by the group to expand into premium brands with strong market positions.

“This will be an opportunity for us to increase international brands into our portfolio,” Thapana was quoted as saying.

“F&N constantly evaluates and looks out for strategic opportunities to grow its businesses, and in this respect, it has expressed an interest to acquire the Peroni and Grolsch beer brands,” the company said in a released statement by Anthony Cheong Fook Seng, its group secretary.

“However, the company would like to emphasize that there is no certainty of any transaction materializing and it will make appropriate announcements if and when there are any material developments in this matter.”

Other global companies who it has been reported to have shown interest in the brands include Japanese brewer, Asahi Group Holdings Ltd., Spanish beer maker Mahou-San Miguel Group and Cinven, buyout firm KKR & Co, PAI Partners, EQT, which are all thought to have qualified for the next round of bidding for the brands that is expected to fetch about €2.5bn.

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