Global Cosmed plans German takeover

Cosmetics and cleaning goods producer Global Cosmed wants to take over German peer domal wittol Wasch und Reinigungsmittel, the Polish firm said in a statement on Friday. Global Cosmed has signed an agreement with the target company's advisor and its bankruptcy administrator. It has gained access to confidential information, which will allow its management to decide on the takeover. In April this year, Global Cosmed had said it was in acquisition talks with three entities, two companies from Germany and one from Poland.