May 13 Stock Spirits Group Plc, the
biggest vodka producer in Poland and the Czech Republic, said an
increase in excise duty in Poland hurt overall spirits
consumption in the first quarter.
The Buckinghamshire-based company said it expects to deliver
full-year results in line with management expectations.
Stock Spirits, whose drinks range from high-end Polish vodka
Czysta de Luxe to fruit-flavoured liquors and Italian brandies,
was established in 2007 when U.S. private equity firm Oaktree
merged Czech business Stock with Polish counterpart Polmos
Oaktree Capital was Stock Spirits' biggest shareholder until
it sold its 36.8 percent stake last month.
(Reporting by Aastha Agnihotri in Bangalore; Editing by Ted