Asia Pacific is becoming a hotbed for mergers and acquisitions as well as investment because of its vibrant growth, while at the same time some of the region’s larger countries are opening up more to foreign investment.
Among the notable M&A deals of the past year involved the prized assets of the Singapore-based conglomerate Fraser & Neave (F&N). Thai billionaire Charoen Srivadhanabakdi won a months-long bidding contest with an outlay of US$11 billion, edgong out the Indonesian tycoon Stephen Riady.
The F&N transaction resulted in a second major deal when the Dutch brewer Heineken acquired F&N’s interest in Asia Pacific Breweries for $6.5 billion in order to keep the beer business fron falling into Mr Charoen’s hands.
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