Heineken Agrees Deal To Take Control Of APB

4 Aug

LONDON – Global brewer Heineken announced that it has reached an agreement to acquire its stakes in Asia Pacific Breweries at S$50 per share.

It agreed to a US$4 billion-plus (S$5-billion plus) deal today to take control of Asia Pacific Breweries (APB) by agreeing to buy a stake in the Singapore-based brewer from partner Fraser and Neave (F&N).

Heineken had given F&N a deadline of Friday to agree to a sale, and a deal has been agreed in principle and has gone to the F&N board for rubber stamping, sources said. REUTERS

Today Online

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