Belvedere sets its sights on becoming a global leader

It will offer existing shares, but does not rule out a new offering in the future. "With a listing in Warsaw, we want to attract Polish institutional investors such as pension funds, as well as increase the liquidity and value of our stock, which we believe is significantly undervalued," said Belvedere's co-founder and CEO Krzysztof Trylinski. "Such a listing should raise the prestige of the WSE in the region," said Rafał Salwa, an independent market analyst. Belvedere wants to make its flagship Sobieski brand the world's second best-selling premium vodka only behind Smirnoff within several years. At the moment, Sobieski is in seventh place, but Belvedere believes it has the potential to successfully challenge the likes of Finlandia or Stolichnaya. "Sobieski vodka has huge growth potential, as it is currently present in just 15 markets," said Tryliński. (Rzeczpospolita, p. B3; Gazeta Wyborcza, p. 33; Parkiet, p. 6; Puls Biznesu, p. 12) R.M.