Pursuits
CEDC Jumps in New York on Debt Swap as Kaufman Cuts Stake
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Central European Distribution Corp., Poland’s second-biggest vodka maker, rose the most since the end of January in New York after a shareholder reduced his stake and the company announced a new debt swap offer.
CEDC, as the maker of the Bols, Zubrowka and Zelyonaya Marka brands is known, surged 13 percent to 45 U.S. cents by the close of trading in New York, trimming this year’s tumble to 79 percent. Trading volume was almost four times the average of the past tree months, according to data compiled by Bloomberg.