Russian Standard Eyeing CEDC Stake

Russian Standard is one of the most successful private companies in Russian and produces what is arguably the most successful vodka brand in Russia. Central European Distribution Corp (CEDC) is one of the world’s largest vodka producers with several major Polish vodka brands in its portfolio. Recently, though, CEDC has had some hard times. After a bad estimate on trade rebates, stocks fell 28.5% as traders rushed to dump shares. CEDC is down 74% from the prior year. Russian Standard decided, instead, to invest, and are now vying for a controlling stake in the company, Reuters reports. Russian Standard’s 28% stake has allowed CEDC to pay off looming debts, helping keep CEDC afloat.

Robert Brodrecht

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