American asset management company Oaktree Capital Management has sold its entire 36.8% stake in British spirits producer and distributor Stock Spirits Group, in a deal worth £200m.
Stock Spirits Group produces and a range of spirits products, including vodka, vodka-based flavored liqueurs, wines, vermouths, rum, brandy, bitters and limoncello.
It markets its products under the brand names of Czysta de Luxe, Zoladkowa Gorzka, Stock Prestige, 1906, Zubr, Amundsen, Lubelska, Keglevich, Bozkov, Stock Original, Stock 84, Bozkov Tuzemsky, Fernet Stock, Limoncè, and Imperator Golden.
The company has executed an agreement for the disposal of its entire shareholding in the company, reports The Spirits Business.
Oaktree Capital had initially planned to sell its stake in the company in 2011, and was seeking a possible deal with Diageo.
Stock Spirits has announced plans to offer a quarter of its shares in a bid, which could fetch £52m.
Image: Stock Spirits Group produces and a range of spirits products. Photo: courtesy of Salvatore Vuono / FreeDigitalPhotos.net.