, Singapore

GIC affiliate completes $519m investment in liquor company Emperador

It has an option to invest another $130m.

Arran Investment, an affiliate of sovereign wealth fund GIC, has completed its initial investment of $519m (PHP17.6b) into Emperador, a liquor company listed in the Philippines.

The investment is made up of common shares and equity linked securities convertible to common shares.
On a disclosure to the Philippine Stock Exchange, Emperador stated that Arran Investment has an option to invest an additional amount of $130m (PHP4.4b) into the company.

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