< Back to News

CEDC jumps 7.3% as Russian Standard seeks to boost stake


Central European Distribution Corp. jumped the most in three weeks after Russian Standard group said it plans to boost its ownership in Poland’s second-largest vodka maker to a controlling stake as soon as possible, according to an Interfax report on June 9 citing billionaire owner Roustam Tariko. CEDC increased 6.9 percent, the most since May 24, to 10.49 zloty as of 10:03 a.m. in Warsaw trading.