Parent organization TCC Assets Limited | Area served Worldwide | |
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Stock price F99 (SGX) SGD 2.13 +0.03 (+1.43%)16 Mar, 5:04 PM GMT+8 - Disclaimer Founders David Chalmers Neave, John Fraser Subsidiaries Fraser & Neave Holdings Bhd | ||
Fraser and neave ltd sparkling drinks f n seasons grass jelly soda drink
Fraser and Neave, Limited (F&N) is a food and beverage, Publishing and former brewing and property industries Conglomerate in Singapore.
Contents
- Fraser and neave ltd sparkling drinks f n seasons grass jelly soda drink
- Fraser and neave ltd sparkling drinks f n sarsi sarsaparilla soft drink
- History
- Diversification restructuring and expansion 19311990
- Recent history 19902012
- 2013 present
- Products
- References
Listed in Singapore, the group’s subsidiaries and associated companies include Frasers Centrepoint, Asia Pacific Breweries and Times Publishing. As of 2011, F&N had Total assets of over S$14 billion and employed over 7,890 people in 11 countries.
In January 2014, through a distribution in specie and re-listing of Frasers Centrepoint Limited by way of introduction on the Singapore stock exchange, the Group de-merged its Properties business.
Fraser and neave ltd sparkling drinks f n sarsi sarsaparilla soft drink
History
The company (Singapore and Straits Aerated Water Company) was formed in 1883 by John Fraser and David Chalmers Neave, who diversified from their printing business (Singapore and Straits Printing Office) to pioneer the aerated water business in Southeast Asia in 1883.
In 1898, a new public company was formed and the two businesses were sold to the new company, named Fraser & Neave (F&N), for $290,000 in cash and shares.
Diversification, restructuring, and expansion (1931–1990)
In 1931, Fraser & Neave formed a joint venture with Holland’s Heineken to venture into the brewing business. The brewery, Malayan Breweries Limited produced Tiger Beer, and later acquired Archipelago Brewery, which produced Anchor Beer.
In 1936, F&N acquired the Singapore, Malaya and Brunei franchise rights for Coca-Cola drinks. Alongside its own range of F&N branded drinks, the company went on to acquire the rights to other PepsiCo, Coca-Cola, and Cadbury Schweppes brands – such as – 7-Up, Fanta, and Sunkist.
In 1990, Malayan Breweries changed its name to Asia Pacific Breweries.
Recent history (1990–2012)
In 1999, F&N purchased a 20% stake in Times Publishing before taking majority control of the company in 2000, with the entire acquisition costing around S$570 million. This put F&N into the printing, publishing, retail bookstore, sales and distribution, education, internet and conference organisation businesses. In 2001, F&N took both Times and Centrepoint Properties private.
In 2006, the Singapore government investment company Temasek Holdings took a 14.9%, S$900 million stake in F&N, becoming F&N’s second-largest investor. In 2008, F&N reorganised its management structure and appointed chief executives for three of its core businesses, food & beverage, property and printing and publishing.
In 2010, Temasek’s entire stake was sold to Japan’s Kirin Holdings for S$1.33 billion.
On 1 September 2011, the three-quarter-century partnership between F&N and Coca-Cola in Malaysia, Singapore and Brunei ended. F&N no longer had the franchise rights to manufacture and market Coca-Cola beverages.
In July 2012, ThaiBev acquired a 22% stake in F&N from Oversea-Chinese Banking Corporation, raising its stake to 24.1%.
In August 2012, F&N accepted an offer from Heineken to acquire its stake in Asia Pacific Breweries for US$4.1 billion.
In September 2012, ThaiBev and its partner TCC Assets, both controlled by Thai billionaire Charoen Sirivadhanabhakdi made a move to thwart efforts by Heineken to acquire control of Asia Pacific Breweries, with a S$8.8 billion (US$7.1 billion) cash offer for F&N. Other companies, such as, Coca-Cola and Kirin Holdings, has also shown interest for the soft-drink and food businesses of F&N, in order to expand their operations in Asia.
On 28 September 2012, F&N shareholders approved the deal to sell Asia Pacific Breweries to Heineken during the extraordinary general meeting held.
On 16 November 2012, Kirin Holdings sold their 15% stake in F&N to OUE Bayfront for approximately SGD 2 billion.
2013 – present
Charoen Sirivadhanabhakdi expanded his ThaiBev drinks and property empire to include about two-thirds of this Singapore conglomerate. This was possible after Japan's Kirin Brewery Company sold its 15% stake for USD 1.6 billion to Sirivadhanabhakdi.
In January 2014, through a distribution in specie and re-listing of Frasers Centrepoint Limited by way of introduction on the Singapore stock exchange, the Group de-merged its Properties business.