KIEV, May 21 - Image Holding, one of Ukraine's largest alcohol producers, could postpone its initial public offering for 10-12 months because of a merger with the Odesa Cognac Plant, Yevhen Cherniak, the owner of the Khortytsia trademark, told journalists.

The company is planning to float its shares on the London Stock Exchange's Alternative Investments Market since its capitalization corresponds to the parameters of this exchange.