Suntory aiming to take Singapore's Cerebos private

The Japanese food and beverage company is delisting its Singapore subsidiary as part of a regional reorganisation.

Suntory aiming to take Singapore's Cerebos private

Suntory, a leading Japanese food and beverage group, said yesterday that it was seeking to delist Cerebos Pacific from the Singapore Exchange as part of a drive to take stronger control of its disparate Southeast Asia businesses.

The Japanese group already owns 83% of Cerebos and is planning to transfer its shares to Suntory Beverage Food Asia, which it created last September to spearhead its regional strategy. It has offered to pay S$6.60 $5.30 a...

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