August 20/Singapore/Press Release -- Heineken entered into a deal with consumer group Fraser and Neave, purchasing F&N’s stake in Singapore-based Asia Pacific Breweries for S$5.6 billion ($4.5 billion).

The deal consists primarily of F&N’s 39.7% stake in Asia Pacific Breweries at the agreed-upon rate of S$5.4 billion or S$53 per share, plus an additional S$163 million for other assets currently held by Asia Pacific Investment. Heineken chairman and CEO Jean François van Boxmeer released a statement regarding the deal:

“I am pleased that F&N’s Board has agreed that our increased offer, which is now final, represents excellent value for F&N and APB shareholders. I would like to thank Chairman Lee for the role he had played in securing this important agreement.”

Heineken is no newcomer to Asia Pacific Breweries – at the moment, the company reportedly already owns a 32.4% stake, but this new deal puts them well over the majority with an 81.6% interest. With this deal, Heineken International will be able to add brands like Tiger beer, Anchor beer, Bintang beer, and Baron’s Strong Brew to its stable along with other big international names like Amstel, Newcastle Brown Ale, and Indio.

The transaction between Heineken and Fraser and Neave is expected to be complete by no later than December 15, 2012.