date:Aug 21, 2012
The FN board accepted the improved offer of S$53 per share from the Amsterdam-based brewing firm, through its wholly-owned subsidiary Heineken International B.V. (HIBV), for its 39.7% stake in APB for a total consideration of S$5.4bn.
Heineken has also agreed to pay an additional S$163m for FNs interest in non-APB assets held by Asia Pacific Investment (APIPL) - the joint venture between FN and Heineken that operates APB.
Heineken currently owns a 32.4% stake in the joint venture, through whic