London-based Diageo is partnering with U.S. buyout firm, Bain Capital, to place a joint bid for Stock Spirits Group, Bloomberg reports. Oaktree Capital Management, which owns the distilling and distribution company, may still carry out an initial public offering of the company.
Diageo and Bain Capital are considered to be the only potential bidders. Luxembourg-based Stock Spirits is the largest vodka maker in Poland and the Czech Republic as well as in Italy.
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