Thai Billionaire’s F&N Seeks Deals in Race With Coke, Pepsi

  • F&N will ‘look at’ buying more of Vinamilk if it’s available
  • Singapore-based drinksmaker wary of over-paying for deals

Fraser & Neave Ltd., the drinks-maker controlled by Thailand’s richest man Charoen Sirivadhanabhakdi, is searching for acquisitions to bolster its market share in Southeast Asia after its war chest grew to nearly S$1 billion ($745 million) with sales of beer assets.

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