POLAND: Sobieski drops listing intention – report
Sobieski Dystrybucja has dropped its plans to list on the Warsaw Stock Exchange, according to local reports.
The Belvedere-owned distiller has instead decided to focus on entering the US vodka market, Polish News Bulletin said earlier this week.
"We planned to enter the stock exchange in order to acquire funding for the acquisition of Polmos Bialystok," Sobieski's deputy chairman, Waldemar Rudnik, was cited as saying in the report. "The acquisition failed, so we have postponed our debut."
Earlier this year, the company said it was looking at acquisitions in Poland in the privatisation process currently underway in the country.
Sobieski controls 32% of the Polish vodka market.
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