Frasers Centrepoint enters Australand bidding war

New ownership, new appetite for deals: Thai tycoon Charoen Sirivadhanabhakdi-controlled Frasers Centrepoint trumps Stockland with A$2.6 billion bid for Australand.
Charoen Sirivadhanabhakdi
Charoen Sirivadhanabhakdi

Singapore-listed property firm Frasers Centrepoint, which is controlled by Thai tycoon Charoen Sirivadhanabhakdi has entered a bidding war for Australian developer Australand, illustrating how a change in ownership has transformed the company's appetite for major acquisitions.

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