Fraser and Neave ( Valuation: 1.30, Fundamental: 2.10) has confirmed it is interested in acquiring the Peroni and Grolsch beer brands.
F&N was referring to the article published by Reuters on Monday, entitled “Thai Bev says F&N bids for Peroni, Grolsch beer brands”.
“The Company constantly evaluates and looks out for strategic opportunities to grow its business, and in this respect, it has expressed an interest to acquire the Peroni and Grolsch beer brands,” says F&N in a pre-market filing.
However, F&N insists there is no certainty of any transaction materialising and it will make appropriate announcements if and when there are any material developments in this matter.
F&N closed 2.31% higher at $1.99 on Monday.
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F&N was referring to the article published by Reuters on Monday, entitled “Thai Bev says F&N bids for Peroni, Grolsch beer brands”.
“The Company constantly evaluates and looks out for strategic opportunities to grow its business, and in this respect, it has expressed an interest to acquire the Peroni and Grolsch beer brands,” says F&N in a pre-market filing.
However, F&N insists there is no certainty of any transaction materialising and it will make appropriate announcements if and when there are any material developments in this matter.
F&N closed 2.31% higher at $1.99 on Monday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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