![#](www.e-malt.com/images/left_top_corner16x200.gif) | E-Malt.com News article: USA: Suntory denies plans to list its US spirits unit on the New York Stock Exchange![Whisky news](https://e-malt.com/Images/WhiskyIcon1.gif)
Suntory Holdings is not planning to list its U.S. spirits unit Beam Suntory Inc on the New York Stock Exchange, a top executive said on January 5, denying a Japanese media report, Reuters reported.
"We are not considering any listing in the U.S.," Takeshi Niinami, the president of Suntory Holdings told reporters in Tokyo at a gathering of corporate executives to mark the start of the New Year.
Beam Suntory, the world's third-largest spirits company known for its Jim Beam and Maker's Mark bourbons, was formed in 2014 when Suntory bought its U.S. rival Beam for $14 billion.
The Mainichi daily reported earlier that the Japanese food and beverages conglomerate was in talks with overseas investment banks about a listing of Beam, seeking funds to expand its footprint in emerging markets.
06 January, 2017
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