Announced

Eurocash to acquire a 56% stake in Frisco from MCI for $34m.

Synopsis

Eurocash, a Polish company specializing in wholesale FMCG distribution and marketing support for independent Polish entrepreneurs pursuing retail operations, agreed to acquire a 56% stake in Frisco, a Polish e-grocery market company, from MCI, a private equity fund, for $34m. "The investment in Frisco.pl is another element of our strategy aimed at supporting independent trade in Poland by developing innovative retail formats and technological solutions. Cooperation with MCI within Frisco.pl is a model example of combining MCI’s knowledge and experience in the development of online business with the scale and experience of the Eurocash Group in food distribution," Luis Amaral, Eurocash Group President.

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