Suntory Plans to Spend $5B on M&A
Suntory Beverage & Food Ltd. plans to spend some ¥500 billion (US$5 billion) on mergers and acquisitions to expand its operations abroad, the president of the Suntory group’s soft drink unit, which listed its stock this week, said Friday. The company, which debuted Wednesday on the Tokyo Stock Exchange, will consider promoting M&As; in emerging markets in such regions as Asia and Latin and South America, Nobuhiro Torii said.
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