 In August 2012, F&N accepted an offer from Heineken to acquire its stake in Asia Pacific Breweries for US$4.1 billion.In September 2012, ThaiBev and its partner TCC Assets, both controlled by Thai billionaire Charoen Sirivadhanabhakdi made a move to thwart efforts by Heineken to acquire control of Asia Pacific Breweries, with a S$8.8 billion (US$7.1 billion) cash offer for F&N.Other companies, such as, Coca-Cola and Kirin Holdings, has also shown interest for the soft-drink and food businesses of F&N, in order to expand their operations in Asia.