This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
News
Heineken wins controlling stake in APB
Heineken’s hold on Asia Pacific Breweries received a boost as it confirmed a deal with fellow investor Fraser & Neave.
After offering £2.6 billion for the remaining shares in APB, F&N have agreed to sell – giving Heineken an 82% share in the brewery.
This gives the Dutch brewer nearly full control over 24 breweries across 14 countries in the Asia-Pacific region.
Heineken is also expected to put in deals to some other shareholders to bring the amount paid to around S$6m.
Heineken’s shares jumped to €46.30 at the news.