Central European Distribution urges top shareholder to make buyout offer or else help company deal with its financing issues

LOS ANGELES , November 22, 2012 () – Central European Distribution Corp. (CEDC) is urging its top shareholder--Russian billionaire Roustam Tariko--to make a buyout offer or else help the company deal with its financing issues, Thomson Reuters reported Nov. 21.

CEDC made the request in a letter to Mark Kaufman, its second-largest shareholder.

Earlier in 2012, Tariko--through his firms Russian Standard and Roust Trading--acquired a 28% stake in CEDC, allowing the company to retire looming debts.

The primary source of this article is Thomson Reuters, London, England, on Nov. 21, 2012.

* 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.