Hortex with green light to acquire Ren

Poland's anti-monopoly watchdog UOKiK approved the acquisition of frozen food distributor Ren by Hortex, which will also acquire shares in a number of food distributors owned by Ren.

 “The deal will allow Ren to improve its liquidity significantly, pay its liabilities and active development on the frozen food market,” the Hortex Holding CEO Tomasz Kurpisz, said in January when the two entities signed a preliminary agreement.