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Heineken wins control of Tiger beer in $4.5 billion deal

  • Heineken has signed a $4.5 billion deal to buy Fraser and Neave's controlling stake in the maker of Tiger beer.

    On Saturday, Singapore-based Fraser and Neave confirmed it had accepted the offer for its 40 percent stake in Asia Pacific Investment Pte Ltd (APIPL).

    APIPL will now be a joint venture between Heineken and Fraser and Neave, which operates Asia Pacific Breweries (APB).

    As well as Tiger, APB brews a range of Asian brands such as Anchor beer, Archipelago beer and Bintang beer.

    Fraser and Neave shareholders are still required to approve the deal in a vote.

    If approved, it would give the Dutch brewer an 81.6 percent stake in APB, leading to an automatic takeover offer for the outstanding shares in the company.