August 4/Singapore/AVP -- Dutch brewer Heineken said it has reached a deal to buy the Asian brewing group that makes Tiger beer for $4.1 billion, as it seeks to bolster its presence in the fast-growing region.
Heineken said Singapore-listed Fraser & Neave (F&N) has accepted its offer to acquire its stake in Asia Pacific Breweries (APB), adding that the F&N board has agreed to recommend the Sg$5.1 billion deal to shareholders.