kirin-confirms-merger-talks-with-suntory

Kirin confirms merger talks with Suntory

There are clear signs of change in Japan Inc as bitter rivals discuss a merger.

In a development that has convulsed the Japanese food and beverage sector, Japan's largest beer company Kirin Holdings on Tuesday confirmed a media report that it is in merger talks with Suntory Holdings to create the fifth-largest food and beverage company in the world. However, Nobutada Saji, Suntory's president and a member of the founding family, insisted that the two companies had taken only half a step.

Nevertheless, it's an exciting development. For decades the Japanese beer industry has been frozen, with Asahi, Kirin, Suntory and Sapporo in that order carving up the market between them. As is traditional with Japanese companies, the idea that a merger or an acquisition...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222