Largest vodka distributor announces flotation on WSE

CEDC is an American company, however it only operates in Poland. It controls 15 regional distributors of alcoholic beverages, thanks to which it is the largest player on the domestic market, worth $5.6 billion. The company has been listed on Nasdaq since 1998. "Polish and European investors could not freely purchase our shares and thus we decided to float them in our home market - Poland. We also intend to boost liquidity of our shares," said William Carey, president of CEDC. Further details, such as whether the firm would issue new stock, will be revealed within the next three months. "We have money for acquisitions. We are closely watching Polmos Białystok, Łańcut and Bielsko-Biała," said Carey. It also plans to take over four regional distributors. (Puls Biznesu, p. 5) M.M.