date:Jun 25, 2013
The IPO of the unit, Suntory Beverage and Food Ltd, is a test of investor appetite for new listings at a time of high volatility in Japanese stock markets. The benchmark Nikkei has lost about 17 percent since hitting a 5-1/2 year high in late May.
The maker of Boss canned coffee will use the funds to ramp up its acquisition drive with a focus on fast-growing Southeast Asia, although it and Japanese peers like Kirin Holdings Co Ltd are facing intensifying competition for beverage-company acquisi