June 3 (Reuters) - Discount retailer Pepco Group PCOP.WA on Wednesday signed a preliminary deal to sell its Dealz Poland chain to a newly incorporated company established by a specialist European retail investor for a nominal price.

The sale is expected to improve Pepco's revenue growth profile, drive higher profitability and margins, and strengthen cash generation, in line with the group's strategic focus on driving value for shareholders.

"This transaction will complete our exit from FMCG (fast-moving consumer goods) retail, allowing us to devote our full focus and resources to expanding the Pepco brand across Europe," CEO Stephan Borchert said in the statement.

Warsaw-listed Pepco will provide an asset-backed vendor financing facility of up to £20 million ($27 million) to support the transaction.

Dealz Poland is a value retailer operating 343 stores across Poland, offering a broad range of international branded FMCG and general merchandise.

The contract is structured as a single-step share sale subject to the customary antitrust approval.

($1 = 0.7437 pounds)