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Russian Standard, CEDC Become 2nd-Largest Alcohol Seller
10.06.2013 11:25
Russian Standard, CEDC Become 2nd-Largest Alcohol Seller
Photo Credit: http://www.newsfiber.com

Vodka seller Russian Standard has gained full control over the Central European Distribution Corporation to become the industry's second-largest player.

      Roust Trading, a susbidiary of Russian Standard, has consolidated 100 percent of the CEDC, with the newly formed group following hard on the heels of the world's leader of vodka production, British consortium Diageo.

      It took two years and $440 million for Russia Standard's owner Roustam Tariko to complete the acquisition. He will still have a $700 million debt on his books, though. 




Author: Mikhail Vesely

Tags: Russian Standard     

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