Fraser and Neave Limited : Heineken completes APB stake purchase from F&N

BRUSSELS (Reuters) - Dutch brewer Heineken (>> HEINEKEN) said on Thursday it had completed its purchase of Fraser and Neave's (>> Fraser and Neave Limited) direct and indirect stakes of Asia Pacific Breweries (>> Asia Pacific Breweries Ltd.) and would proceed to a complete buyout.

BRUSSELS (Reuters) - Dutch brewer Heineken (>> HEINEKEN) said on Thursday it had completed its purchase of Fraser and Neave's (>> Fraser and Neave Limited) direct and indirect stakes of Asia Pacific Breweries (>> Asia Pacific Breweries Ltd.) 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.

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

(Reporting By Philip Blenkinsop)

Stocks treated in this article : Asia Pacific Breweries Ltd., Fraser & Neave Holdings Berhad, Fraser and Neave Limited, HEINEKEN