JAPAN/INDIA: Suntory Holdings silent on Radico Khaitan stake reports
Suntory's soft-drinks unit held an IPO this year
India's Economic Times, citing investment bankers close to the transaction, reported this morning that Suntory is expected to pay INR8.7bn (US$130.9m) for the part-share. The deal is likely to include a provision to buy a further 23% stake at a later date, the report suggested.
The Khaitan family could retain a stake in the distillery business and provide outsourcing support to Suntory, it was reported.
A spokesperson for the Japanese group told just-drinks today (3 September) it does not comment on media speculation.
Nobody from Radico Khaitan was available for comment.
In 2009, Radico reportedly wanted to sell a 26% stake in the company, with Suntory mentioned as a possible suitor. In 2011, the two companies signed a distribution and marketing deal to launch Suntory's Yamazaki 12 Year Old and Hibiki 17 Year Old whiskies in India.
Suntory last month boosted its acquisition funds after its food & soft-drinks unit was listed on the Tokyo Stock Exchange. The IPO raised US$3.9bn, and company executives have said the money will be used for strategic investments at home and abroad. Suntory's alcohol unit was not included in the stock market floatation.
Just before January is out, Ian Buxton is here for his first comment piece of 2014, and he's keen to consider what the fist big M&A transacion of the year will mean in the Scotch whisky industry....
The company’s strategy is to build its portfolio of brands focusing on brand image rather than price points and using the best state-of-the-art technology to ensure competitive leadership. Established...
Suntory Holdings aims to reinforce its core business, carry out internal synergies in the Suntory Group, and develop new businesses. In order to achieve this, the company targets further cultivation o...
Suntory Holdings Ltd aims to reinforce its position by strengthening its marketing and promotional campaigns that can offer new value and new ways for consumers to enjoy alcoholic drinks, and also by ...
Beam Inc is planning to expand its Maker's Mark distillery with a US$67m investment to meet demand for the Bourbon. ...
Sales of alcoholic drinks in India grew by 9% in volume terms in 2012. Key drivers of growth were single malt Scotch whisky, brandy, fortified wine and domestic premium lager. In value terms, total sa...
- Why Chinese beverages won't conquer the world
- Gin: Plymouth's from Plymouth, London's from...?
- Coca-Cola pressure builds as bid rumours swirl
- Interview: Distell Vineyards & Estates' CEO
- just Five Years Ago - The Birth of Accolade Wines
- Anheuser-Busch InBev cuts jobs in US shake-up
- Diageo targets Millenial women with Baileys push
- NPD - DeLeon Tequila's Platinum and Reposado
- Diageo unveils Ciroc in Times Square push
- Beam Suntory appoints chief HR officer
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Beer Opportunities: Beyond Standard Lager
- The IWSR Global Trends Report 2014
- Global Cognac insights - market forecasts, product innovation and consumer trends research