Heineken claws deal to purchase Tiger Beer for over US$6 billion
September 29, 2012, 12:01 am TWN
AMSTERDAM -- Heineken NV says it has sealed a deal giving it control over the Tiger beer brand, paying 4.7 billion euros (US$6.1 billion) to significantly expand its presence in Asia.
Shareholders of Singapore-based drinks conglomerate Fraser & Neave agreed Friday to sell its 39.7-percent stake in Asian Pacific Breweries, the owner of the Tiger brand, to Heineken. After Friday's deal, Heineken controls 95 percent of APB.