Heineken is to take control of the brewery that makes Tiger Beer in a deal worth $5.1 billion (Singapore).
Fraser & Neave accepted a $US4.1 billion bid by the Dutch brewer to take control of Asia Pacific Investment Pte, which is a joint venture between the two firms. APIPL operates Asia Pacific Breweries, which brews Tiger Beer.
The deal is subject to regulatory approval and that of Fraser & Neave's shareholders.
Heineken and its associated companies already own 50% of the issued shares in APIPL and 9.49% of APB.
The BBC reports Asia Pacific Breweries is one of the region's biggest breweries. It operates 30 breweries, mostly in the Asia-Pacific region, with some in Canada.
As well as Tiger beer, APB also brews Asian beer brands Anchor beer, Baron's Strong Brew, ABC Extra Stout, Archipelago beer and Bintang beer.
