Central European Distribution's No. 2 shareholder welcomes news that top shareholder Russian Standard wants to boost its stake in company

Nevin Barich

Nevin Barich

Dec 9, 2011 – Industry Intelligence

LOS ANGELES , December 9, 2011 () – Central European Distribution Corp's (CEDC) No. 2 shareholder welcomed the news that top shareholder Russian Standard wanted to boost its stake in the company, Reuters reported Dec. 9.

Russian Standard currently holds a 9.9% stake and the company and has proposed to buy another 19.9%, as well as offer to help the company restructure its debt.

Mark Kaufman — who owns a 9.6 percent stake in CEDC — said a combination between the two companies makes sense. However, he urged CEDC to avoid taking action that may "not be prudent.”

In November, CEDC slashed its full-year outlook for the second time and a failure to outline plans to pay back debt led to a sell-off in the company's stock.

The primary source of this article is Reuters, London, England, on Dec. 9, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.