Central European Distribution Corp. (CEDC) announced that it has received approval from the Russian Anti-Trust Commission or FAS to obtain voting control of the Russian Alcohol Group.
On December 9, 2009, the Company completed its option agreement with Lion and Lion's co-investors, obtaining the remaining equity interests, less the sole voting share, in the Russian Alcohol Group that was not owned by the Company.
Following this approval from the Russian FAS, the Company will complete the acquisition of the remaining voting share in the Group in January 2010. Upon completion in January, CEDC will own 100% of the economic and voting shares of the Russian Alcohol Group.
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