Indonesia trumps Thailand in battle for Fraser & Neave
A new bid from Riady-controlled OUE values F&N at more than $10 billion.
November 19, 2012
The long-running battle for Fraser & Neave seems to be over. Yesterday, Thai tycoon Charoen Sirivadhanabhakdi increased his stake in the Singapore property and food and beverage conglomerate to 44.05% after rival bidder Overseas Union Enterprises (OUE) declined to increase its offer after the weekend deadline set by the country’s Securities Industry Council.
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to FinanceAsia.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
Questions?
See here for more information on licences and prices, or contact [email protected].