M&A

M&A

ABD acquires Singapore’s UTO Asia, owner of liquor brands ‘Mansion House’, ‘Savoy Club’

Economic Times   BSE Announcement  

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.