Friday, November 10, 2006
Nemiroff to IPO in London next year
Nemiroff, the Ukrainian vodka company, will conduct an initial public offer on London's Alternative Investment Market early next year, said a source familiar with the situation. The source, however, was unable to elaborate on the details of the transaction.
Separately, an industry source noted that Nemiroff tried to sell themselves two years ago to a trade buyer but failed.
According to its website, the Nemiroff company was declared the fastest growing international international brand, with the growth rate of 40%.
A spokesperson for the company said that they were unaware of such plans. In July, the spokesperson said that the company was looking to buy a production facility near Moscow.
Nemiroff reported posted sales of around USD 100m in 2005. It produces 26 different kinds of vodka and exports the product to 55 countries. Nemiroff vodka is the most drinkable foreign vodka in Russia, said TNS Gallup Media research.
Source mergermarket
Separately, an industry source noted that Nemiroff tried to sell themselves two years ago to a trade buyer but failed.
According to its website, the Nemiroff company was declared the fastest growing international international brand, with the growth rate of 40%.
A spokesperson for the company said that they were unaware of such plans. In July, the spokesperson said that the company was looking to buy a production facility near Moscow.
Nemiroff reported posted sales of around USD 100m in 2005. It produces 26 different kinds of vodka and exports the product to 55 countries. Nemiroff vodka is the most drinkable foreign vodka in Russia, said TNS Gallup Media research.
Source mergermarket
