Heineken, the global brewer, has taken a further step towards its acquisition of Tiger brewer Asia Pacific Breweries (APB) after a key investor agreed to support the move. Thai Beverage PLC and TCC Assets, both owned by billionaire Charoen Sirivadhanabhakdi, have agreed to support the sale of Fraser and Neave’s (F&N) stake in APB to Heineken in return for the Dutch company agreeing not to make an offer for shares in F&N. F&N shareholders are set to vote on whether to sell its 40% stake in APB at an extraordinary general meeting on 28 September. Its board has already given its support to the deal.

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