Fraser & Neave Gets S$1.4 Billion Offer for Hospitality Unit

Fraser & Neave Gets S$1.4 Billion Offer for Hospitality Unit

Munshi Ahmed/Bloomberg

The offer complicates a S$9 billion takeover bid Thai billionaire Charoen Sirivadhanabhakdi made last month to gain control of the conglomerate. Fraser & Neave is set to complete the sale of its brewing business to Heineken for S$5.6 billion later this year.