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In a disclosure to the Philippines Stock Exchange late late week, Del Monte said that media reports linking it to the aggressive expansion plans of the Japanese food and drinks giant was false.  Bloomberg reported that Suntory Beverage was looking to acquire Del Monte Pacific as it spends US$5bn on merger and acquisition food refrigeration deals to help double sales by 2020.
"Neither Del Monte Pacific Ltd nor its controlling shareholder, NutriAsia Pacific Ltd, nor its representatives, are in discussions with Suntory, its shareholders or representatives, with respect to any transaction purported by Bloomberg and other media," the filing said.
Del Monte Pacific  launched on the Philippines stock exchange last month , the second listing for the food and drinks group after Singapore. The group has decided on a dual listing in Manila to widen its investor base and raise funds for future growth. 
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The changed organisational structure within Suntory and the highlight of Latin America, Middle East and Africa reflect Suntory s globalisation ambition. The company is encouraged to expand into major RTD tea and RTD coffee food refrigeration markets such as the US and ...
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 of its focus brands, such as Suntory Boss, Iyemon, ...
Suntory Holdings Ltd aims to reinforce its position food refrigeration by strengthening its marketing and promotional campaigns that can offer new value and new ways for consumers to enjoy alcoholic drinks, and also by introducing new products that can offer additional... Related articles
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