Pursuits
Vodka Seller CEDC Wins Court Approval of Restructuring Plan
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Vodka seller Central European Distribution Corp., headed by Russian billionaire Roustam Tariko, won court approval of its prepackaged restructuring plan a little more than a month after filing for bankruptcy.
U.S. Bankruptcy Judge Christopher Sontchi approved the Warsaw, Poland-based company’s reorganization plan that cuts debt by about $665 million at a hearing today in Wilmington, Delaware, according to court documents.