date:Aug 09, 2012
irivadhanabhaki himself is chairman and principle shareholder of ThaiBev, which owns a 24.1% stake in FN.
KPG's move follows an announcement from FN's board last Friday that it had agreed to recommend Heineken's July 20 offer for FN's entire (direct and indirect) 39.7% effective stake in APB, and its 50% share on non-APB assets in Asia Pacific Investment for S$5.3bn.
Heineken insisted today that KPG's offer - which will lapse on August 16 -did not compare to its own, since it was only worth S$