Wednesday, Jul 30, 2014Wednesday, Jul 30, 2014
News
 

Heineken completes APB stake purchase from F&N

Published on Nov 15, 2012 5:27 PM
 
Bottles of Tiger and Heineken beers are pictured on the shelf of a grocery store in Singapore in this July 20, 2012 file photo. Dutch brewer Heineken said on Thursday that it had completed its purchase of Fraser and Neave's direct and indirect stakes of Asia Pacific Breweries and would proceed to a complete buyout. -- PHOTO: REUTERS

BRUSSELS (REUTERS) - Dutch brewer Heineken said on Thursday that it had completed its purchase of Fraser and Neave's direct and indirect stakes of Asia Pacific Breweries and would proceed to a complete buyout.

Heineken said it now owns 95.3 per cent of Tiger beer maker APB and would consolidate it into its accounts this month.

It also said it would make a mandatory general offer for the remaining APB shares.