Heineken reaches US$4.1b deal for Asia Pacific Breweries
2012-08-03 16:54:22
Dutch brewer Heineken said Friday it has reached a deal to buy Asia Pacific Breweries (APB) -- the makers of Tiger beer -- for S$5.1 billion (US$4.1 billion).
Heineken said Singapore-listed Fraser & Neave (F&N) has accepted its offer to acquire its stake in APB. It said the F&N board has agreed to recommend the deal to shareholders.