ThaiBev buys Fraser and Neave stake

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.

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 sellers are OCBC and its insurance arm, Great Eastern as well as the family of Lee Kong Chian, through Lee Rubber.

Lee Kuan Yew’s second son is chairman of Fraser and Neave...

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