The Andresons Group Inc., an affiliate of Emperador Inc. (EMI), has sold 119 million common shares of the liquor company to Alliance Global Group Inc. (AGI), the investment holding firm of tycoon Andrew Tan, for a total of P1.9 billion.
In a disclosure to the Philippine Stock Exchange, Emperador said the shares were sold at P15.96 apiece. The transaction represents about 0.8 percent of the company’s outstanding shares. Both Andresons and AGI are affiliates under the Tan-led business empire, which also includes Megaworld Corp., Travellers International Hotel Group, and Golden Arches Development Corp., the operator of McDonald’s Philippines.
The deal is seen as part of AGI’s ongoing effort to consolidate ownership within its core consumer and lifestyle portfolio. Emperador remains one of AGI’s most profitable subsidiaries and a major global player in the liquor industry, known for its flagship Emperador brandy and Whyte & Mackay Scotch whisky labels.
Emperador, the world’s largest brandy producer, is listed on both the Philippine Stock Exchange and the Singapore Exchange. Analysts said the internal share transfer is not expected to affect the company’s operations but reflects AGI’s continued alignment of its strategic assets under a unified corporate structure.
