Dubai Refreshments (P.J.S.C.) (DFM:DRC) said that it would open talks with Abu Dhabi Refreshments Company Limited, about a possible merger. Both firms are franchisee holders for the distribution of Pepsi Co products. Dubai Refreshments said in a statement that A working group would be set up to study a proposed tie-up between the two companies, which will report to the respective board of directors "in a few months".