Heineken completes APB stake purchase from F&N

Reuters

Dutch brewer Heineken said on Thursday it had completed its purchase of Fraser and Neave's direct and indirect stakes of Asia Pacific Breweries 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.

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It also said it would make a mandatory general offer for the remaining APB shares.

(Reporting By Philip Blenkinsop)