Stock Spirits

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Stock Spirits Group plc
TypePublic
LSE: STCK
PSE: STCK
IndustryBeverage
Founded1884
HeadquartersWooburn Green, Buckinghamshire
Key people
David Maloney, Chairman
Miroslaw Stachowicz CEO
Revenue€274.6 million (2017)[1]
€29.9 million (2017)[1]
€11.3 million (2017)[1]
Total assets€682.8 million (2017)[1]
Number of employees
1,003 (2019)
Websitewww.stockspirits.com/

Stock Spirits Group is a British alcoholic beverage business operating in Poland, the Czech Republic, Italy, Slovenia and Croatia. It is listed on the London Stock Exchange and Prague Stock Exchange.

In August 2021, Stock Spirits' board of directors accepted a £767 million takeover bid by private equity firm CVC Advisers. The deal is expected to complete by early 2022, if shareholders vote in favour. [2]

History[]

The company's key brands, Polmos Lublin and Wódka Żołądkowa Gorzka were established in Poland in 1906 and 1950 respectively.[3] Oaktree Capital Management acquired Polmos Lublin in 2006 and merged it with Eckes & Stock, a business founded in the Czech Republic as Camis & Stock by Lionello Stock in Trieste in 1884, to create Stock Spirits Group in 2008.[4] The company was the subject of an initial public offering in October 2013.[5]

On 12 August 2021, Stock Spirits' board of directors accepted a £767 million takeover bid by private equity firm CVC Advisers, whereby shareholders would receive 377p per share. The deal is expected to complete by early 2022, if shareholders vote in favour. Shares rose above the offer price, suggesting some investors anticipated a rival bid. [2]

Operations[]

The company produces and sells mainly in Poland, the Czech Republic, Italy, Slovenia and Croatia.[6]

References[]

  1. ^ Jump up to: a b c d "Annual Report 2017" (PDF). Stock Spirits. Retrieved 26 July 2020.
  2. ^ Jump up to: a b "Stock Spirits accepts £767m takeover approach from CVC". The Independent. 12 August 2021.
  3. ^ "Heritage". Stock Spirits Group. Archived from the original on 10 August 2014. Retrieved 7 August 2014.
  4. ^ "Stock Spirits' largest shareholder Oaktree exits in £200m sell-off". City AM. 9 April 2014. Retrieved 7 August 2014.
  5. ^ "Stock Spirits to Be Valued at Maximum of $835 Million in IPO". Bloomberg. 8 October 2013. Retrieved 7 August 2014.
  6. ^ "Stock Spirits Group". 8 October 2013.
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