Heineken Close to Completing $4 Billion Buy of Tiger Beer Maker F&N

Looks like the deal is just awaiting the final agreement from the F&N board.  Details from Reuters:

Reuters) - Heineken (HEIN.AS) won control on Friday of the Asian brewing group which makes Tiger beer when Singapore's Fraser and Neave (F&N) agreed to sell its stake in the firm for over $4 billion, sources with knowledge of the situation said.

Heineken raised its bid to secure the deal over the prized Asia Pacific Breweries (APB) (APBB.SI) which will lift the Dutch group's Asian profits and could break apart F&N (FRNM.SI), a drinks and property group.

"The deal has been agreed by Heineken and F&N's management, and the agreement will now go for approval by the F&N board and then be announced officially," said one of the sources.

About MyBeer Buzz

Founder, owner, author, graphic designer, CEO, CFO, webmaster, president, mechanic and janitor for mybeerbuzz.com. Producer and Co-host of the WILK Friday BeerBuzz live weekly craft beer radio show. Small craft-brewer of the craft beer news sites and one-man-band with way too many instruments to play........Copyright 2007-2024 mybeerbuzz.com All Rights Reserved: Use of this content on ANY site without written permission is not allowed.