Andresons Group raises stake in Emperador - BusinessWorld Online

Andresons Group raises stake in Emperador - BusinessWorld Online

THE ANDRESONS GROUP, Inc. has increased its stake in listed brandy and whisky maker Emperador, Inc. after acquiring P160 million worth of shares. In a regulatory filing on Monday, Emperador said the Andresons Group, an affiliate of the company, purchased 10 million Emperador shares at P16 apiece on June 20. Following the transaction, the Andresons Group now holds a 0.86% stake in Emperador, equivalent to 135 million shares. Both companies are co…