Thai’s TCC bids for F&N September 12, 2012 A GROUP linked to Thai billionaire Charoen Sirivadhanabhakdi yesterday made a $7.2bn (£4.5bn) cash offer to take over Fraser and Neave, two weeks ahead of a crucial shareholder vote on Heineken NV’s separate offer for F&N’s key beer business. The offer came after Thai Beverage and TCC Assets, the vehicle linked to the billionaire, increased [...]
3i takes on debt management business in the United States August 2, 2012 PRIVATE equity group 3i yesterday established a debt management business in the United States, taking its fast-growing debt arm past £6.5bn in assets under management. The firm has teamed up with US firm WCAS Fraser Sullivan to establish the business, which will manage or advise 25 funds with exposure to the country’s credit market. London-listed [...]
Heineken’s APB takeover faces 11th hour threat September 10, 2012 DUTCH beer group Heineken was hit yesterday by the threat of a late challenge to its crucial takeover of the maker of Tiger Beer. Shares in the firm fell on reports that Thai drinks company ThaiBev is looking for a loan of 9bn Singaporean dollars (£4.6bn) to fund a purchase of Fraser & Neave (F&N), [...]
Heineken’s APB takeover faces 11th hour threat September 10, 2012 DUTCH beer group Heineken was hit yesterday by the threat of a late challenge to its crucial takeover of the maker of Tiger Beer. Shares in the firm fell on reports that Thai drinks company ThaiBev is looking for a loan of 9bn Singaporean dollars (£4.6bn) to fund a purchase of Fraser & Neave (F&N), [...]
Fraser: Morgan Review will undermine England Test side January 22, 2012 ENGLAND’S world-beating Test team will suffer if radical plans to reform the county game are passed by governing body the ECB, fears Middlesex chief Angus Fraser. The headline recommendation from the Morgan Review, which the ECB will discuss today, is a reduction in the number of matches in the County Championship, while keeping a two-division [...]
Derwent London boosted by buoyant West End demand August 22, 2012 DERWENT London yesterday reported better-than-expected half year results, buoyed by strong demand from tech and media firms queuing to take up space in the West End. The developer, which owns swathes of property across Victoria, Fitzrovia and Shoreditch, said it achieved a 4.1 per cent rise in net asset value to 1,770p per share in [...]
Spot-fixing still going undetected, fears Fraser January 17, 2012 EXCLUSIVE: Former England bowler believes landmark Westfield case was no one-off and other domestic players may have been targeted FORMER England bowler Angus Fraser believes spot-fixing has infested the domestic game beyond the case which has left former Essex bowler Mervyn Westfield facing prison. Westfield – the first English cricketer to be convicted of spot-fixing [...]
Spot-fixing still going undetected, fears Fraser January 17, 2012 EXCLUSIVE: Former England bowler believes landmark Westfield case was no one-off and other domestic players may have been targeted FORMER England bowler Angus Fraser believes spot-fixing has infested the domestic game beyond the case which has left former Essex bowler Mervyn Westfield facing prison. Westfield – the first English cricketer to be convicted of spot-fixing [...]
World’s freest economies managed to avoid banking crisis November 1, 2012 IT is usually claimed that the financial crisis was caused by excessively free markets. Those of us who disagree – and emphasise governments’s role in distorting markets, including by subsidising risk via the moral hazard caused by insane taxpayer guarantees and by fuelling credit and property bubbles via excessively loose monetary policy – are in [...]
Heineken’s offer for Tiger Beer faces Thai billionaire challenge August 7, 2012 HEINEKEN’S $6bn (£3.8bn) bid to take full control of Tiger Beer maker Asia Pacific Breweries faces a challenge from a group led by Thai billionaire Charoen Sirivadhanabhakdi, which has lodged a higher bid to increase its stake in APB. Kindest Place Groups, a vehicle owned by Charoen’s son-in-law, yesterday made an unsolicited offer of S$55 [...]