Pursuits
Thai Billionaire Already Winning in Tussle With Heineken: Retail
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Thai billionaire Charoen Sirivadhanabhakdi has a history of making money by fighting foreign brewers. Now he’s doing it again as his company is poised to see big gains in a tussle with Heineken NV over Asia Pacific Breweries Ltd., the maker of Tiger and other beers popular across Southeast Asia.
Charoen, who in 2005 forced Carlsberg A/S to pay $120 million to settle a legal dispute with a brewer he controlled, last month set off a battle over APB. Companies managed by his family have offered to buy stakes in the Singapore-based beer maker and Fraser & Neave Ltd., a conglomerate that controls 40 percent of APB.