Indonesia trumps Thailand in battle for Fraser & Neave

A new bid from Riady-controlled OUE values F&N at more than $10 billion.
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Marina Mandarin, part of OUE's hotel portfolio
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<div style="text-align: left;"> Marina Mandarin, part of OUE's hotel portfolio </div>

Stephen Riady’s Overseas Union Enterprise (OUE), a Singapore-listed property company, has joined the race to win control of Fraser & Neave (F&N) with an offer that trumps the existing bid made by Thai tycoon Charoen Sirivadhanabhakdi.

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