Central European Distribution Corporation.Central European Distribution Corporation (CEDC CEDC Community Education Development Centre (UK)
CEDC Children in Especially Difficult Circumstances (Program)
CEDC Club Español del Dogo Canario (Spanish) ) is set to buy a majority stake in the owner of the top selling premium vodka vodka (vŏd`kə), traditional spirituous drink of Russia, the Baltic states, and Poland; it is now consumed internationally. The best vodka is distilled from rye and barley malt, but the cheaper corn and potatoes are commonly employed. brand in Russia. The U.S.-based company, which operates predominantly pre·dom·i·nant
1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant.
2. in Eastern Europe Eastern Europe
The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , confirmed that it has signed a letter of intent to buy "a significant majority interest" in the parent company of Parliament Vodka. CEDC did not name the company in its statement. The purchase is expected to close within the next six months, the spirits firm said, and will be financed through a combination of cash, debt and equity. The financial details of the purchase were also not disclosed.