LT Group unit to brew Heineken in Philippines

20160527 beer selection

Heineken is one of several beers on offer at this restaurant in Makati, Metro Manila.

CLIFF VENZON, Nikkei staff writer

MANILA -- Asia Brewery, a subsidiary of Philippine conglomerate LT Group, on Friday struck a deal with Heineken International that will allow it to brew the popular Dutch beer brand.

The two companies will form a joint venture called AB Heineken Philippines, aiming to tap the country's growing demand for premium beer. San Miguel currently controls 90% of the overall Philippine beer market.

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