Heineken has raised its stake in Asia Pacific Breweries (APB) to 95.3% after sealing its US$4.3bn acquisition of Fraser & Neave's stake in the Tiger brewer. The Dutch brewer said it has completed its buy-out of F&N's direct and indirect stake in APB and its non-APB assets, held by Asia Pacific Investment Private Limited. It brings to an end an 81-year partnership between Heineken and F&N who set-up APB as a JV in 1931.
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