SINGAPORE, July 16 (Reuters) - Singapore’s Oversea-Chinese Banking Corp (OCBC) and its insurance unit Great Eastern have received an offer for their combined 18.2 percent stake in Fraser and Neave, a Singapore-listed beverages-to-property firm.
The offer, from an unnamed group, was also for a 7.92 percent stake in Asia Pacific Breweries Ltd owned by OCBC and its unit, the Singapore lender said in a statement.
Fraser and Neave has a market capitalisation of $8.7 billion, according to Thomson Reuters data.
The offer comes two years after Kirin Holdings Co, Japan’s largest brewer, paid $984 million for Temasek Holdings Pte’s 14.7 percent holding in Fraser and Neave. (Reporting by Saeed Azhar; Editing by David Holmes)