The $5.6 billion sale of Fraser & Neave's 39.7% stake in Asia Pacific Breweries (APB) and some non-APB assets to Heineken International has been completed, F&N said this evening. This means Heineken, which now controls 95.3% of APB, will make a mandatory unconditional cash offer for the remaining shares in APB at $53 a share.
Thursday, November 15, 2012
Sale of F&N's stake in APB to Heineken completed
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