Heineken free to sell soft drinks here

FRASER and Neave (F&N) will not enforce a non-compete agreement that would have banned Heineken International from selling soft drinks in Singapore until November 2014.

The voluntary move comes after discussions with the Competition Commission of Singapore, F&N announced yesterday.

F&N, a property and drinks conglomerate, said that the non-compete deal was struck during F&N's sale of its interests in Asia Pacific Breweries to Heineken in August 2012. Asia Pacific Breweries is the brewer of Tiger Beer.