Despite the higher than expected downfall of Ukraine's economy in Q4 (7% instead of predicted 2-4%) things are not so bad in the "vodka" industry.
Central European Distribution Corporation (CEDC) representatives tell that CEDC is interested in buying 70-80% of Ukraine's vodka producer Nemiroff. Though Nemiroff representatives openly decline that the company is going to be sold there are rumors of pre-sale activities within it.
Earlier several beverage companies received investment memorandum from ING on the wish of current Nemiroff owners to sell the business.
Nemiroff is the third largest vodka seller in the world.
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