Fraser and Neave, Ltd's Shareholders Approve Heineken NV's Offer to Acquire Interests in Asia Pacific Breweries Ltd and Asia Pacific Investment Private Limited


Friday, 28 Sep 2012 02:59am EDT 

Heineken NV announced that at Extraordinary General Meeting (EGM) in Singapore, shareholders of Fraser and Neave, Ltd (F&N) voted in favor of the proposed disposal by F&N of its direct and indirect interests in Asia Pacific Breweries Ltd (APB) and F&N's interest in the non-APB assets held by Asia Pacific Investment Private Limited (APIPL), for a total consideration of SGD 5.6 billion or EUR 3.5 billion. Upon completion of the Transaction the Company will own a 95.3% stake in APB. Heineken International BV (HIBV), a subsidiary of Heineken NV will make a Mandatory General Offer (MGO) for all the shares of APB that the Heineken group does not own, in accordance with the Singapore Code on Take-overs and Mergers. Subsequently Heineken NV will seek to delist APB. 

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