Suntory Eyes Potential IPO, Considers Entering U.S. Beer Market

With consolidation continuing in the global beverage alcohol business, Japan’s Suntory Holdings is exploring options to keep pace. The Wall Street Journal reports that Suntory CEO Takeshi Niinami is eyeing a potential initial public offering—for either the parent company or its U.S.-based spirits subsidiary Beam Suntory. Niinami cautioned that any IPO wouldn’t happen before 2018, and is only one of several financing options being evaluated by the group.

Niinami also noted that Suntory may look to launch its own beer brands in the U.S. market, possibly through a strategic partnership with another “premium player.” But he added that Suntory doesn’t intend to bid for any beer brands that might be sold by the combined AB InBev-SABMiller to satisfy regulators.

Tagged : Suntory Holdings

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