Floating on a sea of alcohol
The leading vodka distribution group in Poland is considering a listing on the Warsaw bourse next year. Its total revenue for the year could reach zł.2.33 billion.
"Next year we are planning to enlarge our group by another three or four companies, which should boost our revenue by $100 [zł.319] million," said CEO William Carey.
Polmos Białystok controls around a fifth of the Polish vodka market thanks to its popular Żubrówka brand. The producer's sales reached nearly zł.1 billion in 2003.
In the first quarter of 2005, the government plans to float a minority stake in Polmos Białystok on the bourse before selling a controlling stake to a strategic investor.
(L.M., Reuters)
"Next year we are planning to enlarge our group by another three or four companies, which should boost our revenue by $100 [zł.319] million," said CEO William Carey.
Polmos Białystok controls around a fifth of the Polish vodka market thanks to its popular Żubrówka brand. The producer's sales reached nearly zł.1 billion in 2003.
In the first quarter of 2005, the government plans to float a minority stake in Polmos Białystok on the bourse before selling a controlling stake to a strategic investor.
(L.M., Reuters)
