Feb. 2 (Bloomberg) -- Central European Distribution Corp. will “certainly consider” Russian Standard Corp.’s proposal to raise its stake in the company to 33 percent, Chief Executive Officer William Carey.
Russian Standard, controlled by billionaire Roustam Tariko, seeks to convert $103 million of bonds into shares in the vodka producer that owns Zubrowka and Parliament brands, as well as buy new stock, Tariko wrote in a letter to CEDC’s board of directors yesterday.
“We will certainly consider this proposal as well as other options the company is currently exploring, for the best benefit of our shareholders,” Carey wrote in an e-mailed response to questions from Bloomberg News today.
--Editors: Peter Branton, Linda Shen
To contact the editor responsible for this story: Piotr Skolimowski in Warsaw at firstname.lastname@example.org