Alliance Global Group Inc. (AGI), the holding firm of tycoon Andrew Tan, said it will fully acquire “in the coming weeks” Scottish whiskey firm Whyte & Mackay Group Limited for P31.7 billion through its subsidiary Emperador Inc.
Kingson Sian, AGI president and chief operating officer, told reporters in a briefing that funding for the buyout will come from short- and long-term debt and not through equity sale.
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