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News
Asia
Taiwan and India
Taiwan
The Glen Garioch Distillery has released one of its rarest luxury whiskies exclusively to Taiwan. With the snappy name of Glen Garioch 15 year-old Bordeaux Wine Cask Finish Highland Single Malt Scotch Whisky, the release will be limited to 1,800 bottles, and the whisky has an abv of 50%.
Fergus Hartley, regional director for duty free, Asia Pacific and Americas, for Glen Garioch’s owners says, "It’s absolutely right that this rare bottling is exclusive to Taiwan – we’re proud that this is one of Glen Garioch’s strongest markets and we know that the Highland stature of Glen Garioch, in combination with the wine influence, will be a character highly appreciated by the discerning Taiwanese consumer."
India
The Indian government has approved Scottish & Newcastle’s proposal to increase its stake in India’s United Breweries Ltd. S&N’s proposal to increase its holding from 26% to 37.5% will cost around INR7.8bn (€135.5m).
S&N will increase its stake in the Indian company by purchasing 3.77m new shares at a price of INR575 (€10) each. In a statement the government said that Scottish & Newcastle India Private Ltd can buy the stake in UBL either directly or through any of its overseas units.
S&N will also offer to buy up to 4.32m shares held by minority holders of UBL for the same price to fulfil the regulatory requirements.