Heineken snaps up Tiger for £3.75bn

Heineken has splashed out 4.7 billion euro (£3.75bn) to gain control over the Tiger beer brand as part of a strategy to significantly expand its operations in Asia.

Shareholders of Singapore-based conglomerate Fraser & Neave agreed to sell their 39.7% stake in Asian Pacific Breweries, the owner of Tiger and other popular Asian brands, to Heineken for 3.2bn euro (£2.5bn), giving Heineken control of 95% of APB.%VIRTUAL-SkimlinksPromo%