Singapore's F&N may break-up if Thai bid wins: Analysts
SINGAPORE (AFP) - A Thai tycoon's bid for Singapore's Fraser and Neave (F&N) group could lead to its breakup and scuttle the takeover of an Asian brewer by Dutch giant Heineken, analysts said on Wednesday.
Thai Beverage, controlled by billionaire Charoen Sirivadhanabhakdi, on Tuesday said it was exploring a bid for F&N in tandem with an unnamed party.
If the Thai bid is launched, "this process could result in a break up of F&N," said Mr Jason Hughes, head of premium client management for IG Markets Singapore.
F&N owns 40 per cent of Asia Pacific Breweries (APB), makers of Tiger Beer and other popular Asian brands. Heineken owns 42 per cent of APB and is offering S$5.6 billion for F&N's stake.