ThaiBev offers $7.3bn for F&N | Bangkok Post: business

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ThaiBev offers $7.3bn for F&N

Thai billionaire Charoen Sirivadhanabhakdi made a S$9 billion (US$7.3 billion) bid for the 70% of drinks and property group Fraser & Neave Ltd he does not control, potentially blocking Heineken NV (HEIA) from buying the Singapore company's beer unit.

Charoen Sirivadhanabhakdi

TCC Assets Ltd, linked to Charoen’s Thai Beverage Plc (THBEV), offered S$8.88 a share for F&N (FNH), TCC said in a filing Thursday. The bid is 4.3% more than F&N’s closing price yesterday and values the company at $10.3 billion.

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