BEIJING, Jan. 6 (Xinhua) -- Suntory Holdings is not planning to list its US 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 US," Takeshi Niinami, the president of Suntory Holdings, 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 US rival Beam for $14 billion.
The Mainichi daily reported earlier that the Japanese food and beverage conglomerate was in talks with overseas investment banks about a listing of Beam, seeking funds to expand its footprint in emerging markets. (Global Times)
A single purchase
