F&N board to quit over takeover

29 January 2013 Last updated at 20:55 ET Help

A Thai billionaire is flexing his muscles in the Singapore market.

The board of directors at Fraser and Neave (F&N), have said they will step down when the takeover offer by billionaire Charoen Sirivadhanabhakdi closes next week.

This will give him a greater say in managing the group, which has interests ranging from food and drinks to real estate.

Jonathan Head takes a closer look at Thailand's third richest man and the deal he is about to complete.

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