The Straits Times
Published on Nov 15, 2012

Heineken completes APB stake purchase from F&N


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.