ThaiBev buys into Fraser and Neave

Thailand’s biggest drinks maker agrees to buy a stake in the Singapore owner of Tiger Beer for $3 billion.

ThaiBev buys into Fraser and Neave

Charoen Sirivadhanabhakdi, Thailand’s second-richest person, has sealed a S$3.8 billion $3 billion deal to buy stakes in Singapore’s Fraser and Neave and Asia Pacific Breweries, a joint venture between Heineken and Fraser and Neave that makes Tiger Beer.

The acquisition of the Fraser and Neave stake is being made through Charoen’s ThaiBev, Thailand’s biggest drinks maker. A company controlled by his son-in-law, Kindest Place Groups, is buying the stake in Asia Pacific Breweries. The...

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