SYDNEY: Singapore-listed Frasers Centrepoint Ltd made a surprise A$2.6bil (US$2.41bil) cash takeover bid for Australia’s Australand Property Group, trumping an offer from Australian firm Stockland Corp Ltd.
Backed by Thai beer billionaire Charoen Sirivadhanabhakdi, Frasers Centrepoint made its offer less than a week after Stockland upped its bid to A$2.5bil, Australand said in a statement.
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