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Overseas Union Enterprise Limited, Kirin Holdings Co Ltd In Talks On Counterbid Offer For Fraser and Neave, Ltd-Reuters

Friday, 19 Oct 2012 04:29am EDT 

Reuters reported that a Singapore hotel and property firm backed by Indonesia's Lippo Group may team up with Japan's Kirin Holdings Co Ltd to thwart a $7.2 billion takeover offer for Fraser and Neave, Ltd (F&N) from companies linked to Thailand's third-richest man. In an unexpected move, Overseas Union Enterprise Limited (OUE) said on Friday it is seeking partners in a potential takeover bid for F&N, without identifying the parties. Kirin Holdings Co is one of the companies involved in the preliminary discussions. Kirin Holdings, F&N's second-biggest shareholder, was considering all possible options for its stake in the Singapore beverage and property conglomerate. The Japanese brewer declined to comment on the OUE talks. 

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