Monday, August 13, 2012

ThaiBev ups stake in Singapore's Fraser and Neave to 26.2 pct

SINGAPORE, Aug 13 (Reuters) - Singapore-listed Thai Beverage

PCL has increased its stake in drinks and property

conglomerate Fraser and Neave Ltd to 26.2 percent from

24.1 percent, according to a stock market filing.

ThaiBev's subsidiary International Beverage Holdings Ltd had

acquired around 29.52 million F&N shares on Aug. 8, F&N said in

a statement to the Singapore stock exchange.

As a result, ThaiBev's deemed interest has increased to a

total of 372.66 million shares, representing about 26.2 percent

of the total number of issued shares of F&N.

(Reporting by Eveline Danubrata; Editing by Anthony Barker)

Source: http://news.yahoo.com/thaibev-ups-stake-singapores-fraser-neave-26-2-125419079--sector.html

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