Multinational Suntory Holdings plans to sell shares in its non-alcoholic drinks business to fund a mergers and acquisitions (M&A) drive, according to unnamed sources cited by Bloomberg.
Moody’s Investors Service has told BeverageDaily.com that it sees a “strong strategic rationale” for merging glass giant Ardagh with Saint Gobain subsidiary Verallia.
Saint-Gobain has postponed the initial public offering (IPO) of its glass packaging arm Verallia due to volatility and uncertainty in the financial markets.
Saint-Gobain announced today it is launching the initial public offering (IPO) of Verallia, its glass packaging arm, a move that will enable the group to enhance its expansion strategy, said the firm.
Rudolf Wild GmbH has sold some shares to asset manager Kohlberg Kravis Roberts & Co (KKR) in preparation for an eventual public listing, and plans to form a global flavour business with its US affiliate this year.
Brewer San Miguel plans to list its domestic beer and
global packaging operations on the Philippines stock exchange
in a move to court more investment in the company.
