Dutch beer maker Heineken said on Wednesday that it will buy another 8.6 percent of the shares in Singapore brewer Asia Pacific Breweries (APB) from Kindest Place Groups Limited, the Thai firm that had been involved in a counter offer to block the takeover.

The completion of the share sale will "take place by way of a married trade to be effected on the Singapore Stock Exchange at a date to be agreed, but not later than 1 October 2012," it said in a statement.

After buying the extra 8.6 percent stake and another offer to buy the 40 percent stake owned by Fraser & Neave, Heineken is expected to control about 90 percent of the stake in APB, the brewer that produces the popular Tiger beer.

Heineken will pay about 740 million euros (962 million U.S. dollars) to get the 8.6 percent stake in APB. It currently owns about 42 percent of APB and has offered 5.6 billion Singapore dollars (4.6 billion U.S. dollars) for a stake of 40 percent in APB held by F&N.

Kindest Place, which is related to Thai billionaire Charoen Sirivadhanabhakdi, has been involved in a counter offer for APB after Heineken announced its bid to take over the Singapore brewer, forcing Heineken to raise its offer price.

The compromise on Wednesday came with the condition that it promised not to make a counter-offer for APB's parent firm F&N.

Thai Beverage and a partner firm, both controlled by Charoen Sirivadhanabhakdi, have made an offer to take over F&N after raising its stake to more than 30 percent, the threshold that triggered a mandatory buyout offer under local rules.

The board of F&N, which is also involved in non-alcohol beverage, food and properties, has agreed to recommend to the shareholders to vote in favor of the takeover by Heineken.

A joint venture between F&N and Heineken for decades, APB is regarded the most attractive part of F&N's assets as beer consumption in Asia rises steadily.