Japan’s Suntory set for key unit listing in Tokyo: reports

Japanese drinks giant Suntory is to offer shares in its food-and-beverage unit in July, marking what could be the year’s biggest listing on the booming Tokyo Stock Exchange, reports said on Wednesday.

Privately-held Suntory was likely to receive the stock exchange’s approval later on Wednesday for a flotation of its Suntory Beverage & Food unit, Japan’s public broadcaster NHK reported.

Separate stories from the leading Nikkei business daily and Jiji Press news agency pegged the initial public offering as being worth as much as 500 billion yen (HK$38.1 billion).

via Business feed http://www.scmp.com/business/money/markets-investing/article/1248917/japans-suntory-set-key-unit-listing-tokyo-reports