GIC owns about 12% of Manila-based Emperador via its private equity arm Arran Investment Pte, the people said. Based on the brandy maker’s current market value, the stake is worth $950 million.
Singapore’s sovereign wealth fund GIC Pte is considering selling its stake in the Philippines’ Emperador Inc., the world’s biggest brandy manufacturer and owner of scotch brands including Jura and The Dalmore, according to people with knowledge of the matter.
The state-owned firm has had talks with financial advisers about the possibility of an eventual divestment, said the people, asking not to be identified as the process is private. GIC hasn’t decided whether to pursue a sale and a deal isn’t imminent, some of the people said.
