Heineken is within touching distance of acquiring Tiger brewer Asia Pacific Breweries (APB) after shareholders of investment group Fraser and Neave (F&N) voted to sell their stake to the Dutch company for €3.5bn (£2.7bn). Heineken said it expects to close the deal in November, subject to approval from authorities in Singapore and New Zealand. The company currently holds a 55.6% stake in APB, and the F&B transaction would take this up to 95.3%. Heineken chairman and chief executive Jean-François van Boxmeer said: “I am pleased that F&N’s shareholders have voted in favour of our offer for APB and been able to realise full value from their investment. Once completed, this transaction will further increase Heineken’s financial and geographic exposure to emerging markets and strengthen our competitive position in one of the most exciting regions in the world. “Our regional headquarters will remain in Singapore with the Heineken and Tiger brands at the heart of our portfolio. We are now ideally positioned to expand our presence across the region and create long-term financial and strategic value for our shareholders. Finally, I’d like to thank chairman Lee and the other members of the F&N board, who have supported our offer and recommended it to the F&N shareholders.”