Heineken acquires 8.6% stake in Asia Pacific Breweries
Heineken International BV has completed its acquisition of 22,207,130 shares in Asia Pacific Breweries (APB) at S$53.00 per share, after entering into an agreement to purchase the shares on 19 September. The shares were previously held by Kindest Place Group (KPG), representing 8.6% of the total issued share.
Europe’s largest brewer, Heineken operates in more than 140 breweries around the world, with a volume of 214 million hectolitres of beer sold. The company’s 2011 revenue totalled €17.1 billion.
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