As you will know, OCBC and its Great Eastern Holdings insurance unit said they had been approached with an offer to buy their combined 18.2% stake in F&N as well as their 7.9% cent holding in Asia Pacific Breweries.
FT reports that the bidder is “a unit of ThaiBev”. It is Thailand’s largest and one of the largest beverage alcohol companies in South East Asia. Listed on SGX. Interestingly it has distilleries or breweries in Scotland, Poland, Ireland and France, in addition to Thailand and China. Makes Chang Beer.