Charoen 'near control' of F&N | Bangkok Post: news

News > Asia

Charoen 'near control' of F&N

SINGAPORE - Billionaire Charoen Sirivadhanabhakdi came closer Monday to winning control of Fraser & Neave Ltd (F&N) after a rival group failed to match his S$13.8 billion (314.7 billion baht, US$11.2 billion) offer for the 130-year-old property and beverage company.

A group led by Overseas Union Enterprise Ltd. (OUE) said Monday it won't match the Jan 18 offer of S$9.55 a share by Thailand's richest man. The OUE group had bid S$9.08 a share in November.

NOTE: S$1 = 24.2 Thai baht

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Most Viewed

  • 26,000 reds recall bloodshed

    Ousted premier Thaksin Shinawatra said the government's amnesty efforts must focus on absolving red shirts facing legal action in connection with the 2010 political violence rather than protest leaders or even himself.

Forum

Your comments

Reply

Sign in once and access every part of the website at your convenience!

Please log in to our Bangkokpost.com community to post your comment.
You can sign in to the community by clicking here.

If you are not part of the community yet, please sign up here. By being part of this community you will get all these privileges.