Thai Tycoon Gain Control Of F&N


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Thai billionaire, Charoen Sirivadhanabhakdi, take full control of F&N (Fraser and Neave Limited) after paying S$8.8 billion (US$7.1 billion) in cash for it. F&N was form as a public company in January 1898 to take over the business of Singapore Aerated Water Company and the Singapore and Straits Printing Office with a share capital of S$225,000. And a 115 years later is valued at S$13.75 billion (US$11.2 billion).

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Photo Credit: Flickr.

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