A Russian vodka company has acquired a 9.9 percent stake in Mount Laurel-based Central European Distribution, one of the biggest vodka producers in Poland, according to Reuters.
Russian Standard Vodka acquired 7.2 million shares between Nov. 15 and 21, paying a total of $25.4 million, according to a filing with the Securities and Exchange Commission.
That makes the second major ownership stake acquired by an outsider in recent months. Investor Mark Kaufman reported a 9.6 percent stake in the financially ailing Central European.
The company reported a net loss of $840 million, or $11.50 per share, on net sales of $228.9 million for the three months ended Sept. 30. (The big loss was largely due to a $675 million impairment charge.)