The increase on the Prague Stock Exchange corresponds to the bonus that the investor offered for London shares. The offered price represents a premium of about 41 percent to the final price of 268 pence from Wednesday.
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It is also about 42 percent higher than the average share price in London over the past three months. If all conditions are met, the trade should take effect between December 2021 and January 2022.
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The business values the company at 767 million pounds (23 billion crowns).
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“Stock Spirits is a high-quality business with strong brands, established market positions and significant growth potential,” said István Szőke of CVC.
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“CVC Funds is a long-term investor in Central and Eastern Europe and looks forward to working with Stock Spirits’ management team to help support its further development, both by supporting its existing strategy and by investing in growth opportunities,” he added.
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Stock Spirits sells brands such as Božkov, Fernet Stock and Amundsen Expedition vodka in the Czech Republic. It is one of the largest producers of branded spirits and liqueurs in Central and Eastern Europe and Italy.
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It operates in Poland, the Czech Republic, Slovakia, Italy, Croatia and Bosnia and Herzegovina. 90 percent of its sales come from Poland, the Czech Republic and Italy. The company exports production to more than 50 countries around the world, with annual worldwide sales exceeding 125 million liters.
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