The company has seen its share price tumble off the back of Oaktrees exit

The company has seen its share price tumble off the back of Oaktree's exit

Stock Spirits' largest shareholder, Oaktree Capital Management, has sold its entire 36.8% stake in the group. 

Oaktree, a US private equity group that set up the spirits group after buying Polish distiller Polmos Lublin in 2006 and Stock Plzen in Czech a year later, has exited the business by placing its 73,665,895 ordinary shares to investors, it was announced today (8 April). 

Karim Khairallah, a Stock Spirits director appointed by Oaktree, has agreed to step down from the board of the drinks group with immediate effect as a result of the move.

Off the back of the news, shares in Stock Spirts, which operates mainly in Poland and Czech, are currently trading down 12.11% at GBP2.70 in London today

The company last month reported a healthy rise in full-year sales, but profits were hit by costs from an IPO launched last year.