CEDC To Take Full Control Of Leading Vodka Producer For US$510mn

Polish spirits producer Central European Distribution Corporation (CEDC) is set to buy the remaining 37.8% stake it does not already own in leading vodka producer Russian Alcohol Group (RAG) for US$510mn. Pending approval by Russia's competition authorities, the deal is expected to pave the way for CEDC to consolidate its strong position in a vodka market that, despite near-medium term flakiness (headline alcoholic drinks value sales are forecast to decline by over 20% year-on-year in 2009), is still probably emerging Europe's most promising in the long

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