By F&N deal, richest man gets richer | Bangkok Post: business

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By F&N deal, richest man gets richer

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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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