November 15, 2012 / 9:20 AM / in 5 years

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

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