FDBusiness.com

Oaktree Sells 37% Stake in Stock Spirits Group

 Breaking News
  • Vion Names New CEO Vion, the international meat group, has appointed Ronald Lotgerink as its new CEO with effect from 1 September. Ronald Lotgerink is currently the CEO of Zwanenberg Food Group, a leading European producer and exporter of meat products, canned meat, snacks, soups and sauces. Ronald Lotgerink started his career at KPMG. In 1989 he joined Zwanenberg Food [...]...
  • Harrogate Water Reports Record Sales Harrogate Water has announced another year of record sales with growth of 24 per cent – almost four times higher than market growth for bottled water. The company has seen increased sales in the high-volume supermarket sector, continued strong growth in export and travel markets and greater demand for premium glass products in both grocery [...]...
  • Alcohol Worth £16 Billion is UK’s Leading FMCG Category Innovation in the drinks sector and a reduction in the amount of trade promotions has seen Alcohol retain its place as the top selling FMCG category in the UK, worth £16.1 billion (€18.2 billion) in value sales to the economy. This is according to big data and technology expert for consumer industries, IRI’s Top Categories Special Report – an analysis [...]...
  • Irish Grocery Market Fends Off the Beast from the East The latest grocery market share figures from Kantar Worldpanel, published today for the 12 weeks ending 25 March 2018, show that the Irish grocery market brushed off the Beast from the East to post strong sales growth of 3.8%. Douglas Faughnan, consumer insight director at Kantar Worldpanel, comments: “Although shoppers had upped their spend in preparation for [...]...
  • TrayTrack – A Unique Inline Overhead Concept For Optimum Tray Logistics Once trays have been filled with product, poultry processors will often be faced with how to transport them to packaging equipment elsewhere in the plant. This job can be done manually using crates. Alternatively, product can be transported on a complex system of belt conveyors, usually criss-crossing other similar systems. TrayTrack, a unique automated solution [...]...

Oaktree Sells 37% Stake in Stock Spirits Group

Oaktree Sells 37% Stake in Stock Spirits Group
April 10
09:41 2014

Oaktree Capital Management has disposed of its entire shareholding in Stock Spirits Group, consisting of 73,665,895 ordinary shares and representing approximately 36.83% of the company’s issued share capital. The disposal was effected by way of a placing of shares to institutional investors.

Stock Spirits Group, a leading Central and Eastern European branded spirits producer, was listed on the main market of the London Stock Exchange in October 2013.

Following the placing, Oaktree no longer holds any shares of Stock Spirits Group. As a result, Karim Khairallah, a director of Stock Spirits Group appointed by Oaktree, has agreed to step down from the board with immediate effect.

With core operations in Poland, the Czech Republic, Slovakia, Italy, Croatia and Bosnia & Herzegovina, Stock Spirits Group also exports to more than 40 other countries worldwide. The group holds the market leadership positions in spirits in both Poland and the Czech Republic, where it has invested in be state of the art production facilities, and is one of the world’s leading vodka producers. This includes having the number one leading vodka brands in Poland, Italy and the Czech Republic.

The spirits group increased revenue for the year ended 31 December 2013 by 16.4% to €340.5 million and profit for the year was €8.9million against €26.2million in 2012. Operating profit before exceptional costs rose 7.5% to €62.8million. Adjusted EBITDA increased 22.3% to €83.7 million.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • April 22, 2018Natural & Organic Products 
  • April 24, 2018Scandinavian Wine Expo
  • April 24, 2018Seafood Processing Global
  • April 24, 2018InterFood Krasnodar
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements