Arab Today, arab today eu clears suntory 16bn jim beam takeover
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

EU clears Suntory $16bn Jim Beam takeover

Arab Today, arab today

Arab Today, arab today EU clears Suntory $16bn Jim Beam takeover

Brussels - AFP

The European Commission cleared on Tuesday a $16 billion bid by Japanese company Suntory for the US maker of Jim Beam bourbon whisky. The Commission said the deal, which will make Suntory the world's third-biggest liquour firm, would not have an adverse impact on the European market. The two companies have limited overlap and are "mainly complementary," it said. In addition, "a number of strong competing players would remain ... customers would therefore still have sufficient alternative suppliers," a statement said. Beam Inc. markets a range of bourbons and internationally known whiskies, having evolved from a small family base in Kentucky state. Suntory has embarked on an international expansion strategy, based on the Beam and other purchases, which some critics say are over-ambitious given its relatively small size, with annual sales of around $1.7 billion. The deal, announced in January, is the third-biggest overseas acquisition by a Japanese firm, after mobile carrier SoftBank's $21.6 billion takeover of US-based Sprint Nextel last year and Japan Tobacco's 2007 purchase of Britain's Gallaher for almost $19 billion. It also eclipses the value of previous Suntory acquisitions, including the $1.56 billion purchase of the Lucozade and Ribena soft drinks brands in September.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu clears suntory 16bn jim beam takeover Arab Today, arab today eu clears suntory 16bn jim beam takeover

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu clears suntory 16bn jim beam takeover Arab Today, arab today eu clears suntory 16bn jim beam takeover

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday