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Stock Commentary: LT Group bags P2 2-B from Victorias Milling for alcohol unit

For LTG, it was able to raise some cash selling off non-critical components of its group, while for VMC, it was able to further specialize within its niche by adding capacity and a fairly significant knowledge base to its operations.

Tanduary distillers incVictorias milling coAsian alcohol corporationLt group incPhilippine stock exchangeVictorias milling co

Lucio Tan group sells alcohol business to Victorias Milling

The Lucio Tan Group is consolidating its alcohol businesses with the sale of 100 percent of Asian Alcohol Corporation (AAC) to affiliate Victorias Milling Company (VMC) for P2.21 billion. In a disclosure to the Philippine Stock Exchange, LT Group Inc. said AAC, a manufacturer of rectified and dena

Negros occidentalLucio tan groupVictorias milling companyCastelbridge investment corporationPrior holdings incGroup incTanduay distillers incAsian alcohol corporationPhilippine stock exchangeTanduay distillersPrior holdingsCastelbridge investmentPurchase agreement

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Negros occidentalBacolod cityMarvin batislaongl rZuellig pharmaVivian mangaserl rMichael mirandaMaria russel lauCristina salvaNestor esmenaVictorias milling companyFair philippinesMacroasia corporationBulk corporationGroup incAsia brewery incLucio tan group of companies