Earnings Report /
Russia

Beluga Group: A positive read through from Stock Spirits buyout offer

  • Sunray Investments Luxembourg announced a cash offer to buy out the entire ordinary share capital of Stock Spirits

  • Stock Spirits is generally considered as the closest peer to BELUGA GROUP among the global spirits majors

  • At the same time, we note BELUGA GROUP’s stronger brand portfolio

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
12 August 2021
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