By F&N deal, richest man gets richer
- Published: 23 Jan 2013 at 09.24
- Online news:
The richest man in the country just got richer.
Dollar-billionaire Charoen Sirivadhanabhakdi is poised to win a S$13.8 billion (334.45 billion baht, US$11.2 billion) bid for Fraser & Neave Ltd. (FNN)'s property and drinks empire in Singapore.
The takeover battle has boosted the value of Mr Charoen's other stock holdings by more than $2 billion, or about 59.5 billion baht.
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