Grupa Żywiec sells Distribev

Grupa Orbico has purchased an 80 percent stake in retail distributor Distribev,  part of Grupa Żywiec, the media reported. The stake's approximate value stood at PLN 96 million. Anti-monopoly watchdog UOKiK has already approved the transaction. Orbico is a distributor of a large number of brands ranging from beauty care products through food and non food products, technical and electrical appliances to pharmaceuticals, toys, textiles, cigarettes as well as motor oil products.