Canadian group Couche-Tard to acquire Polish convenience retailer Żabka

Shortly after talks between 7-Eleven owner Seven & i and the Polish convenience store chain Żabka fell through, Alimentation Couche-Tard announced that it is on the verge of closing the largest acquisition deal in its history.

The Żabka brand will be retained

Through its subsidiary Circle K Polska, the Canadian retail and gas station group Alimentation Couche-Tard intends to acquire the Polish Żabka Group in its entirety. The company has made an acquisition offer worth the equivalent of approximately 7.6 billion euros, which has the full support of Żabka’s management and major shareholders, including investment funds CVC Capital Partners and Partners Group, which together hold about 57% of the company. Following the acquisition, Żabka will be delisted from the stock exchange.