Central European Distribution urges top shareholder to make buyout offer or else help company deal with its financing issues
November 22, 2012
(Industry Intelligence Inc.)
– 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.