Vistula, Bytom launch merger talks

WSE-listed fashion retailers Bytom and Vistula launched talks regarding possible merger, both companies confirmed in a separate market filings. “The negotiation process was launched on April 18. However, the management board would like to point out, that this fact doesn’t mean that both companies will merge, or that any actions regarding such activity has been undertaken as of now,” the statements said. In 2016, Vistula had PLN 35.2 million net profit, while its peer Bytom had PLN 12.4 million in net profits. Vistula is worth some PLN 570 million, according to its share price, while Bytom capitalization is at some PLN 194 million.