Ambra SA is poised to conduct its initial public offering next year. The Polish drinks company, a subsidiary of German sparkling wine producer Sektkellerei Schloss Wachenheim AG, will launch its IPO on the Warsaw Stock Exchange in 2005, Sektkellerei Schloss has said.

The company has a 25% share of its domestic wine market and a 60% share of the sparkling wine sector. Last month the company became a majority owner of Vinex Slaviantsi Poland Sp. z o.o., a Polish distributor of Bulgarian wines.

Headquartered in Warsaw, Ambra produces over 52 beverages, including sparkling wines, table wines, vermouth, cocktails and non-alcoholic sparkling juices. Its flagship product is Dorato sparkling wine