CEDC Soars as UniCredit Recommends Buying Vodka Maker’s Shares

Central European Distribution Corp. (CDC) jumped the most in a month in Warsaw trading after UniCredit SpA recommended buying shares of the vodka producer.

Central European Distribution, known as CEDC, climbed 2.12 zloty, or 7.7 percent, to close at 29.7 zloty. The benchmark WIG20 Index increased 1.3 percent.

UniCredit raised its recommendation for the company, which is expanding in Russia and Poland, to “buy” from “hold,” citing an “attractive” valuation and a rebound in the ruble.

To contact the reporter on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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