THIRD LARGEST VODKA BRAND PUT ON THE BLOCK

Russian Alcohol, owner of Green Mark vodka, has reportedly been put up for sale. As Russia’s best selling vodka and the number three vodka brand in the world, spirits companies are likely paying attention.

Russian Alcohol has appointed investment bank ABN Amro to advise on a sale that is expected to go for about $600 million. The group is owned by a Russian investment fund, Industrial Investors.

In addition to Green Mark, the company also produces Zhuravli and Marusya vodka brands along with other drinks. The company is headquartered in Moscow and led by chief Sergey Sorokin.