Tell to not acquire Merlin.pl

Polish trading group Czerwona Torebka has not reach agreement with Tell regarding a sale of Merlin.pl, a net of sales and receipt points, the company reported. Czewrona Torebka's statement read as follows, "the board of managers at Czerwona Torebka informs that ... the sides have not agreed on the final conditions of the transaction." Both companies signed a letter of intent in early September. The total value of the transaction would exceed PLN 1.8 million. Tell operates in the service and sale of mobile phone operators. Its profit amounted to PLN 155 million. Its operational profit was PLN 6 million and net profit PLN 4 million.