OUE bid S$1.4 bln for F&N's hospitality, residence unit - source

SINGAPORE, Oct 10 (Reuters) - Overseas Union Enterprise Ltd

made the S$1.4 billion ($1.14 billion) bid for Fraserand Neave Ltd's hospitality and serviced residenceunit that was rebuffed by the Singapore conglomerate, a sourcewith knowledge of the matter said.

F&N, which also has soft drinks, dairy and publishingsegments, said the business is an integral part of its propertyarm and it is still considering a $7.2 billion offer by Thaibillionaire Charoen Sirivadhanabhakdi for the whole of thecompany.

As a result, F&N will not respond to the offer for thehospitality and serviced residence business, the company said ina stock filing without identifying the bidder.

F&N's board is due to make its recommendation toshareholders on Thursday on whether to accept or reject the Thaioffer.

Overseas Union Enterprise, a Singapore hotel and propertyfirm controlled by Indonesia's Lippo Group, could notimmediately be reached for comment.

($1 = 1.2305 Singapore dollars)

(Reporting by Eveline Danubrata)

((eveline.danubrata@thomsonreuters.com)(+65 6403 5669)(ReutersMessaging: eveline.danubrata.reuters.com@reuters.net))