Heineken completes APB stake purchase from F&N
BRUSSELS (Reuters) - Dutch brewer Heineken (HEIN.AS) said on Thursday it had completed its purchase of Fraser and Neave's (FRNM.SI) direct and indirect stakes of Asia Pacific Breweries APBB.SI and would proceed to a complete buyout.
Heineken said it now owned 95.3 percent 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.
(Reporting By Philip Blenkinsop)
LONDON - Most of Europe's big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against doubtful loans to show they have put the financial crisis behind them in time for a critical review by regulators.
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.