Alfa Seeks to Aid CEDC

By The Moscow Times

March 2, 2013

A unit of Russia's Alfa Group is interested in putting together a consortium to restructure one of the world's largest vodka producers, Central European Distribution Corp., according to a U.S. securities filing.

The president of A1, Alfa Group's venture capital unit, reportedly wrote to the committee of holders of CEDC's notes that mature in 2016 to say it wanted to assemble a group to invest up to $250 million to restructure CEDC, according to a filing with the U.S. Securities and Exchange Commission.

The SEC filing was made by Mark Kaufman of Monaco, CEDC's second-largest shareholder. A1 is one of Russia's largest investment groups. Kaufman was commenting on the letter from A1. The letter was not included in the filing with the SEC.

(Reuters)

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