CGD

Thai sibling rivalry generates deals

Brother Bee's AC Milan strike has grabbed the headlines but Ben Taechaubol's Bangkok waterfront property scheme may yet have greater success.
Artist's impression of the completed project on the Chao Phraya River in Bangkok
Artist's impression of the completed project on the Chao Phraya River in Bangkok

A Thai businessman’s rumoured bid for Serie A football club AC Milan received media attention throughout the world last month. Bee Taechaubol, executive director of Thai Prime, a private equity firm, reportedly offered to pay the former Italian prime minister Silvio Berlusconi 1 billion $1.1 billion for a controlling stake in the seven-time European champions.

Taechaubol’s younger brother Ben has attracted fewer headlines but his recent deal-making activities, although similarly glamorous, are probably built on more solid foundations and with more reliable expectations of success.

Earlier this year, his Country Group Development CGD unveiled a THB32 billion $980 million property project on the north bank of...

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