Russian Standard proposes alliance with CEDC

13 December, 2011

Russian Standard Corporation has proposed the additional acquisition of nearly 20% of Central European Distribution Corporation’s (CEDC) shares as part of a "strategic alliance". 

The deal for "approximately 19.9%" of CEDC shares would see Russian Standard owner Roustam Tariko exchange assets in Roust, his distribution company, and assist CEDC in restructuring its debt.  

The move follows the news last week that Russian Standard has acquired 9.9% of CEDC’s shares for $25.35 million.

CEDC, which claims to be the largest producer of vodka in the world, has said its board of directors will evaluate the proposal to “act in the best interest of the company’s shareholders".





Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook