Business briefs: ThaiBev increases its stake in F&N | Central Insurance investments pay off

Central Insurance, the Aberdeen-based broker, said yesterday it has gained 100 clients since October 2011, helping it beat the previous year’s financial performance.

By The Newsroom

Published 29th Aug 2012, 01:00 BST

The acquisition of Edinburgh-based Castle Cairn Insurance Brokers in December helped it secure more than £4.2 million of gross written premiums, £500,000 ahead of last year. Managing director Iain Henry said investments were paying off.

ThaiBev increases its stake in F&N

THAI Beverage yesterday raised its stake in Singapore conglomerate Fraser & Neave (F&N) to just below the level that triggers a mandatory offer for the group, as it tries to block Heineken’s bid for Tiger beer maker Asia Pacific Breweries, in which F&N holds a stake.

ThaiBev, controlled by Thai billionaire Charoen Sirivadhanabhakdi, bought a

2.6 per cent stake in F&N for £200 million to bring its holding to 29 per cent..

Aberdeen