(Reuters) - For rags-to-riches Thai magnate Charoen Sirivadhanabhakdi, Wednesday's $3 billion deal for large stakes in two Singapore firms is just the next step in furthering a beer and property empire that stretches from Southeast Asia to the United States.
In his latest deal, companies linked to Chareon bought 22 percent of Singapore drinks and property group Fraser and Neave (F&N) (FRNM.SI) and 8.5 percent of associated company Asia Pacific Breweries Ltd (APBB.SI) from Singapore's Oversea-Chinese Banking Corp (OCBC.SI), its insurance unit and the Lee family that controls the bank. Full story
