December 11, 2012 / 11:30 PM / 5 years ago

Suntory to list food and soft drinks unit in $6 billion IPO: sources

TOKYO (Reuters) - Japan's Suntory Holdings Ltd plans to raise up to $6 billion in an initial public offering of its food and non-alcoholic beverage unit, sources with knowledge of the matter said.

The unit, Suntory Beverage and Food Limited, plans to list in the second half of 2013, raising between 400 billion yen and 500 billion yen ($4.9 billion to $6.1 billion), the sources said, speaking on condition of anonymity ahead of an official announcement.

The news was first reported by the Nikkei newspaper.

A company spokeswoman said she was checking on the report.

Reporting by Emi Emoto and Ritsuko Shimizu; Editing by Chris Gallagher

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