The Polish soft drinks company Hoop has received the green light to place 5 million shares onto the public stack exchange. The offer will be made around the end of July.

Poland's Securities and Exchange Commission (KPWiG) said Wednesday: "The introduction of shares into public trade should take place not later than at the turn of July and August."

The company intends to raise some PLN 100m in the initial public offering, which it hope to use on acquisitions.

Hoop is the country's third largest producer of soft drinks.