Winnipeg Free Press - PRINT EDITION

Heineken buys Asian beer Tiger

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AMSTERDAM, Netherlands -- Heineken NV is spending another 3.2 billion euros ($4 billion) to gain control of the Tiger beer brand as part of a strategy to significantly expand operations in Asia.

Shareholders of Singapore-based conglomerate Fraser & Neave agreed Friday to sell their 39.7 per cent stake in Asian Pacific Breweries, the owner of Tiger and other popular Asian brands, to Heineken. After Friday's agreement and other recent share purchases, Heineken controls 95 per cent of APB.

 

-- The Associated Press

Republished from the Winnipeg Free Press print edition September 29, 2012 B11

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