letter from Mark Kaufman just filed - trying to put up a consortium with Alfa Group (A1 investments)
"Further, I wish to inform you that I received a copy of a letter, dated March 1, 2013, addressed by Mr. M. Khabarov, CEO of A1 Investments (Alfa Group), to the ad hoc Committee of 2016 Bondholders c/o Mr. Charles Noel-Johnson of Moelis & Co. In this letter, A1 expresses its interest to put together a consortium of investors, including Mr. Tariko, myself and other undisclosed interested parties, “with up to USD$250mln of cash to invest” to develop an alternative proposal for CEDC’s successful restructuring. The letter also states that my “knowledge and expertise … in the alcohol industry would provide significant additional value through oversight over certain aspects of strategic and operational execution of company deliverables.”
something like this was expected as Mr. Kaufman of course wants to save what is left of his investment in the company - he will definitely try to put up a better deal for current shareholders (as he himself is the second largest) but of course there's no chance for him to make it happen as Tariko has emerged as the big winner already. Company will be bankrupt two weeks from now with the shares being wiped out.