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ABD gains worldwide ownership of Mansion House
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Friday, 13 June, 2025, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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The board of directors of Allied Blenders and Distillers Limited, approved the acquisition of 100% of the equity share capital of UTO Asia Pte. Ltd. (UTO Asia), a company incorporated under the laws of Singapore. The total consideration of this acquisition is €1,225,000. The binding transaction documents have been executed, and the acquisition is concluded with immediate effect.
Following this transaction, it has become a wholly -owned subsidiary of the company. The principal activity of the brand is those of liquor, spirits and wines. It is the legal and beneficial owner of worldwide right, title interest in the brands ‘Mansion House’ and ‘Savoy Club’ excluding certain territories (Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar).
The acquisition and the associated ownership of worldwide right, title interest in the Mansion House and Savoy Club brands (barring above mentioned excluded territories) aligns with the company’s strategic expansion objectives, allowing it to gain full control over the brands on a global scale, while specifically addressing regional interests in key markets. This transaction is intended to strengthen its position in these territories, enhance brand presence and facilitate growth.
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