New FMCG firm on the horizon

WSE-listed GK Delko has signed a letter of intent with PPHU Specjał and Polski Tytoń in order to establish a new entity in FMCG sector, Puls Biznesu daily reported.

Firms whose "offers dedicated to retail stores complement each other" may become shareholders of the new join-stock company, the daily informed.

Signatories said in the document that a greater integration in the retail and wholesale trade is needed to strengthen the position of traditional stores (main receivers of the parties' products).