Treasury likely to approve Polmos Lancut deal with CDC

Prawo i Gospodarka has learned that a proposition to sell an 80% stake in vodka producer Polmos Lancut to Caribbean Distillers Corporation (CDC) is now being analyzed by the State Treasury. It all goes well a contract could be signed by the end of the month. They may also be able to acquire a further 5% stake from re-privatization reserves later on. The corporation is partially owned by one of the largest alcohol distributors in the USA, St. Maarten-Spirits. CDC is buying a stake in Polmos to fill a gap in its products portfolio, namely high quality vodka. Prawo i Gospodarka has learned that CDC's strategy will to almost double the output of the Polmos plant, to increase exports to the USA and introduce produce new brands at the distillery. (Prawo i Gospodarka, pp. 1, 5) M.M.