I became an honorary Gin Rectifier last night (May 9). I took an oath and now I am duty bound to promote the best interests of gin.
The deal for "approximately 19.9%" of CEDC shares would see Russian Standard owner Roustam Tariko exchange assets in Roust, his distribution company, and assist CEDC in restructuring its debt.
The move follows the news last week that Russian Standard has acquired 9.9% of CEDC’s shares for $25.35 million.
CEDC, which claims to be the largest producer of vodka in the world, has said its board of directors will evaluate the proposal to “act in the best interest of the company’s shareholders".
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