Japan’s Suntory not considering IPO of US unit

Suntory Holdings Ltd's President and CEO Takeshi Niinami speaks behind the company's alcoholic beverages during an interview with Reuters at the company headquarters in Tokyo, Japan, October 26, 2015. REUTERS/Toru Hanai

Suntory Holdings is not planning to list its U.S. spirits unit Beam Suntory Inc on the New York Stock Exchange, a top executive said on Thursday, denying a Japanese media report.

“We are not considering any listing in the U.S.,” Takeshi Niinami, the president of SuntoryHoldings told reporters in Tokyo at a gathering of corporate executives to mark the start of the New Year

Beam Suntory, the world’s third-largest spirits company known for its Jim Beam and Maker’s Mark bourbons, was formed in 2014 when Suntory bought its U.S. rival Beam for $14 billion.

The Mainichi daily reported earlier that the Japanese food and beverages conglomerate was in talks with overseas investment banks about a listing of Beam, seeking funds to expand its footprint in emerging markets.

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Reuters

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.