Thai Beverage said it was in talks with a partner to team up on a bid for Fraser and Neave (F&N), moving the Thai group a step closer in its effort to snap up the remaining pieces of the Singapore conglomerate.
For two months, ThaiBev and Heineken have battled for control of Asia Pacific Breweries (APB), one of the region’s largest beer-makers. But with F&N agreeing to sell its APB stake to Heineken after the Dutch giant sweetened its offer, ThaiBev is now turning its focus on F&N, a drinks distributor and holder of one of Asia’s biggest real estate portfolios.
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(Source: scmp.com)