In June 2006 Polish edible oil sector leaders: ZT Kruszwica SA, Ewico Sp z o.o., Olvit-Pro Sp. z o.o. and ZPT Olvit Sp. z o.o. announced the merger plan in relation to the merger process of the above companies. As a result, the combined entity will be the largest edible oil producer in Poland with an estimated annual turnover amounting to PLN 1.5 bln.

FIDEA acted as a sole financial advisor for ZT Kruszwica SA, Ewico Sp z o.o., Olvit-Pro Sp. z o.o. and ZPT Olvit Sp. z o.o. and prepared independent valuation analyses of the merging entities. The valuation was used by the management boards of the companies to determine share exchange ratios of Ewico Sp z o.o., Olvit-Pro Sp. z o.o. and ZPT Olvit Sp. z o.o. shares into ZT Kruszwica SA shares quoted on the Warsaw Stock Exchange.

In connection with the contemplated transaction FIDEA also issued a fairness opinion which confirmed that the exchange ratios proposed by the merging entities were fair from the financial point of view.