Reports at the beginning of February from Singapore indicate that BIL International plans a full takeover of Fraser & Neave. As a result, the New Zealand share price of BIL, formerly known as Brierley…
Reports at the beginning of February from Singapore indicate that BIL International plans a full takeover of Fraser & Neave. As a result, the New Zealand share price of BIL, formerly known as Brierley Investments, was on the rise. Fraser and Neave, a Singapore conglomerate, has interests in food, soft drinks, property and publishing. Analysts say the New Zealand listed, Singapore-based investment group does not have the wealth to acquire a target worth about $NZ 3 billion. Investor interest is most likely an arbitrage adjustment, they said, and urged investors to consider BIL“s track record. BIL holds a 20% stake in Fraser and Neave.