Fraser and Neave Ltd. will hold a shareholder meeting on September 28 to vote on the proposed sale of its 40 percent stake in Tiger beer maker Asia Pacific Breweries Ltd (APB) to Heineken NV (HEIA) for S$5.6 billion ($4.5 billion).
Shareholders will also vote on plans to distribute S$4 billion of cash to investors, F&N said in a statement today.
Heineken, based in Amsterdam, last month said it will pay F&N S$53 per share for its holdings in APB, agreeing to a total payout of S$5.6 billion.
APB has rights to brew Bintang beer in Indonesia, Anchor in China, Southeast Asia and Sri Lanka, and Heineken from China to New Zealand.
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