In the battle to restructure Central European Distribution (CEDC), a consortium backed by Stoli...

|About: Central European Distributi... (CEDC)|By:, SA News Editor

In the battle to restructure Central European Distribution (CEDC), a consortium backed by Stoli vodka maker SPI and shareholder Mark Kaufman says their deal is "objectively superior" to a competing proposal put forth by CEDC chairman Roustam Tariko. One key difference: Roustam's plan will pay 2013 bondholders (like himself) $172M while the consortium's proposal favors 2016 creditors.