Ukraine"s Nemiroff vodka company, a leading...

Kommersant cited the company"s investment memorandum dispatched to potential buyers by the Kiev office of ING Bank in its report.

Nemiroff, the world"s third largest company in terms of vodka sales, is estimated to be worth more than $300 million. The Central European Distribution Corporation (CEDC), which already has the largest share of the Russian vodka production market, is viewed as a potential buyer of Nemiroff, Kommersant reported.

"CEDC already met with the Nemiroff management to discuss the possibility of participation in the Ukrainian company, but no specific accords were reached. CEDC could take part in this deal, but would like to get 100% control of Nemiroff," a top manager of an alcohol company told the paper.

Sources close to Nemiroff told the paper that only two out of the company"s three beneficiaries were willing to sell the business.

The third beneficiary, Stepan Glus, the company"s founder and chairman of its board of directors, with

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