Emperador, the world’s largest brandy maker and the Philippines’ biggest spirits company, has today (14 July) completed a secondary listing on the Singapore Exchange.
The move, which Emperador says is the first for a Philippine Stock Exchange-listed company, is part of a push to invest in “ambitious international expansion” according to company president and CEO Winston Co. Emperador first announced plans to list in April of this year.
“The secondary listing of Emperador on the SGX is a key milestone in the development of our business as a leading international brandy and whisky company, reflecting our global reach and the strength of our world-class portfolio of brands,” he said. “This will expand opportunities for participation by investors in Singapore and beyond as we continue to invest in our ambitious international expansion.”
The listing will allow investors in Singapore – one of Asia’s biggest financial hubs – to trade shares in the global whisky and brandy conglomerate.
Emperador’s brandy and whisky empire
Emperador – which has a namesake brandy that is the world’s bestselling in volume terms – is part of the Alliance Global Group, which also owns real estate developer Megaworld, Resorts World Manila casino and the Philippine operations of McDonald’s.
Emperador also owns Whyte and Mackay, having acquired the Scotch whisky maker from United Spirits in 2014 following Diageo’s takeover of the group. Brands that were transferred to Emperador following the Whyte and Mackay buy include The Dalmore, Jura and Tamnavulin.
The Manila-headquartered group further grew its international operations in 2016, adding Spanish group Bodegas Fundador and its brands – including Harveys Bristol Cream – to its roster.