A1, the venture capital unit of the Alfa Group has formally notified the committee of holders of CEDC notes that it is putting together a plan to restructure Central European Distribution Corp. The plan includes the formation of a consortium to purchase the notes whose maturity date is 2016.

The plan would include an investment portfolio of up to US$250 million. The plan was filed with the US Securities and Exchange Commission by Mark Kaufman of Monaco. He is currently CEDC's second biggest shareholder.

When sought for comment, A1 and counsels for the committee of holders and CEDC did not reply while Kaufman's attorney refused to comment.

Included in the Kaufman filing is the CEDC's chairman Roustam Tariko as part of the consortium being put together by A1. Like Kaufman, he is also a major investor in the Polish vodka maker. Both Kaufman and Tariko have submitted plans to pare the debt of the beleaguered company.