CEE distiller Stock Spirits to IPO in London | beyondbrics

CEE distiller Stock Spirits to IPO in London | beyondbrics:

"Stock Spirits Group is preparing an IPO on the London Stock Exchange which it hopes will raise about £50m to help finance its goal of becoming central and eastern Europe’s leading spirits producer.

The Luxembourg-headquartered company – created in 2007 with backing from Oaktree Capital Management to consolidate some of emerging Europe’s leading producers of spirits and liqueurs – said in a statement it planned to sell new and existing shares to give a free float of 25 per cent.

Stock Spirits has operations in Italy, Poland, the Czech Republic, Slovakia, Slovenia, Croatia and Bosnia-Herzegovina. Its 25 brands include local household names such as Stock 84 brandy, Fernet Stock bitter, as well as five “millionaire” brands (selling more than a million 9-litre cases a year) of vodkas Czysta de Luxe, Lubelska, Zoladkowa Gorzka and 1906, and Bozkov rum."

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