| Philippine liquor firm Emperador Inc said on Friday it had agreed to sell a 9.64 percent stake to GIC for 17.6 billion pesos ($391 million), in what it described as an initial investment by the Singaporean sovereign wealth fund.
The deal comprises an equity investment of 12.32 billion pesos for the purchase of 1.12 billion common shares equivalent to a 6.95 percent direct equity stake in Emperador, and equity-linked securities (ELS) worth 5.28 billion pesos...............................................Full Article: Source
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