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Singapore: Brewer mergers fuel battle for dominance

 |  November 6, 2012

The Competition Commission of Singapore has formally approved of Fraser & Neave’s plans to sell its shares of Asia Pacific Breweries and Asia Pacific Investment Private Limited to Heinekin brewer. The deal will be complete by the 20th of this month. The arrangement adds growth to Heinekin, who recently acquired full control of Tiger beer last month for $7.9 billion, and fuels a battle between Heinekin and Thai billionaire Charoen Sirivadhanabhakdi, who is now expected to go after the rest of Fraser & Neave.

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