M&A M&A
ABD acquires Singapore’s UTO Asia, owner of liquor brands ‘Mansion House’, ‘Savoy Club’
Source BSE Announcement (opens in a new tab)Economic Times (opens in a new tab)
Allied Blenders and Distillers Ltd (ABD) has acquired global ownership of the ‘Mansion House’ and ‘Savoy Club’ liquor brands by fully acquiring 100% stake in Singapore-based UTO Asia Pte. Ltd for EUR 1.225 million.The company holds legal and beneficial rights to the Mansion House and Savoy Club brands globally — excluding in Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar.