The Polish Treasury is planning the Initial Public Offering of shares in Polmos Bialystok for March or early April.

According to comments from a deputy treasury minister earlier this week, the Polish authorities hope to float at least 20% of the vodka producer on the Warsaw stock market.

"I hope this offering will take place in March, after the Securities Commission clears the prospectus. Or it may be at the start of April after the Easter break," Dariusz Witkowski told reporters on the fringes of an economic conference.

The Ministry is also seeking a strategic investor to take a controlling stake in the polmos, which produces the Zubrowka vodka brand. A number of international companies, including Pernod Ricard and Central European Distribution Corp are believed to be interested in the strategic stake.