Reuters said Oaktree Capital Management was looking to sell a stake of between 35 per cent and 50 per cent through the IPO, citing two sources close to the deal.
Private equity-backed vodka maker Stock Spirits said last month it was planning to raise £52m by selling at least a quarter of its shares in a London IPO.
Oaktree said it planned to sell an undisclosed part of its stake but intended to remain the group’s largest shareholder.
Oaktree created the business in 2007 by merging Poland’s Polmos Lublin with the Czech Republic’s Stock.
The firm eyed a sale of the combined business to Diageo in 2011 before considering and eventually rejecting a flotation on the Polish stock market.
Stock Spirits has just over a third of the Polish vodka market share, and had adjusted EBITDA of €34.3m for the first half of 2013, up from €28.5m for the same period last year.
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