F&N deal springboard to top of Asia _ ThaiBev | Bangkok Post: business

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F&N deal springboard to top of Asia _ ThaiBev

Organic growth alone not enough, says CEO

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The recent successful acquisition of a major stake in Singapore-based Fraser and Neave Limited (F&N) represents a shortcut for Thai Beverage Plc (ThaiBev) to become a top player in Asia's huge beverage market, a status it would otherwise take years to achieve. 

Showing the way: Thapana Sirivadhanabhakdi (right) gestures to his billionaire father Charoen, chairman of ThaiBev, during the ThaiBev Expo 2012, a two-day conference attended by nearly a thousand dealers, in Bangkok yesterday.

Thapana Sirivadhanabhakdi, president and CEO of ThaiBev, the flagship of a business empire controlled by his billionaire father Charoen, yesterday talked about the motivation behind the 80-billion-baht takeover of a 29% stake in F&N, the largest deal of its kind in decades.

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