CEDC buys Bols
The acquisition was financed with 3.4 million ordinary CEDC shares worth a total of $122.5 (zł.404) million as well as $147.5 (zł.486) million in cash. CEDC expects to receive regulatory approval for its buyout of vodka producer Polmos Białystok in September. When completed, the deal would make CEDC the largest vodka producer in Poland by sales.
CEDC reported first-half net income up 34 percent on the same period last year to $10.2 (zł.33.6) million, on sales up 29 percent y-o-y to $314 (zł.1,035) million.
CEDC reported first-half net income up 34 percent on the same period last year to $10.2 (zł.33.6) million, on sales up 29 percent y-o-y to $314 (zł.1,035) million.
