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 br…
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