GIC affiliate completes US$395m investment in Emperador: Manila Bulletin

[MANILA] Arran Investment Private, an affiliate of Singapore's sovereign wealth fund GIC, has completed its initial 17.6 billion pesos (S$1.63 billion) investment in Emperador Inc , the Manila Bulletin newspaper reported, citing a disclosure to the local bourse.

GIC also has an option to invest an additional 4.4 billion pesos in Emperador by buying shares at 11 pesos per share over a 13-month period.

REUTERS