Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Standard, CEDC Become 2nd-Largest Alcohol Seller
10.06.2013 11:25
Russian Standard, CEDC Become 2nd-Largest Alcohol Seller
Photo Credit:

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     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

State Duma  Russian Cinema  Historical Exhibitions  Vladislav Surkov  human rights  smartphones  VDNKh  Giving Hope  Russian theatre  Russian scientists  Steve Jobs  Russian business  Wild Nature of Russia  Icons  Kabardino-Balkaria  Russia 360  St. Petersburg  Film Restoration  Space Simulator  IT  Russian science  Exhibitions in Moscow  Oleg Mityaev  Precious Metals  Moscow Kremlin   Lada  Mercedes-Benz Fashion Week Russia  Monuments in Moscow  Moscow parks  VKontakte  Sumo Wrestling  Moscow  raitings  Central Bank  Pushkin Museum of Fine Arts  Chelyabinsk meteorite  Raspberry Festiva  Cannes Film Festival  Legal Services in Russia  Russian tourism  Dmitriy Nalbandyan  music  Republic of Kalmykia  Russian rouble  Yury Vizbor  Nikolay Petrov  Joseph Stalin  Yandex  Russian economy  Samara 

Travel Blogs
Top Traveling Sites