Roust Corporation Files for Chapter 11 with Plan to Cut Debt by $462MM

Tuesday, 03 January 2017 03:10
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Vodka maker Roust Corporation, formerly Central European Distribution Corporation, sought Chapter 11 protection in Delaware bankruptcy court with a prepackaged reorganization plan that would slash the liquor giant's debt by more than $462 million and let Russian billionaire Roustam Tariko retain 64% control of the company.

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