Target: Fraser & Neave Ltd
Value: USD 7,844 million
Announced date: 18th January 2013
Target region: Singapore
Target business: Beverage manufacturing,
publishing and printing, real estate and fund
management holding company
TCC Assets, the investment vehicle owned by Thai billionaire businessman Charoen Sirivadhanabhakdi, increased its bid for Singaporean conglomerate Fraser & Neave from
SGD 8.88 to SGD 9.55 per share, higher than the SGD 9.08 offer made by a rival consortium led by
Overseas Union Enterprise (OUE). The OUE group must now either make a higher bid or withdraw its offer completely.
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