Stock Spirits prices London float at 235 pence per share


LONDON, Oct 22 (Reuters) - Vodka maker Stock Spirits priced its London initial public offering at 235 penceper share on Tuesday, valuing the company at 470 million pounds($759.5 million).

Majority owner, U.S. private equity group Oaktree CapitalManagament, reduced its stake to 38.3 percent via thelisting, sharing proceeds of 206.5 million pounds with membersof Stock Spirits' management who also sold shares.

Stock Spirits, the biggest vodka producer in Poland and theCzech Republic, had offered the shares at 210 pence to 260 penceeach. It also raised 52 million pounds from the sale of newshares to pay down debt.

Its shares are due to begin trading at 0700 GMT.

View Comments (0)