Alimentation Couche-Tard launches takeover bid for Polish convenience store chain Żabka

As previously announced, Alimentation Couche-Tard is launching a voluntary public tender offer for all shares of the Polish supermarket chain Żabka. It is the largest acquisition ever for the Canadian group.

Complementary to the Circle K network

In June, Couche-Tard had already announced its intention to acquire the Polish Żabka Group in its entirety. The company has the full support of Żabka’s management and its major shareholders, including the investment funds CVC Capital Partners and Partners Group. The offer of 32 zloty per share, which runs from Thursday through September 25, is 2.3% higher than Żabka’s last closing price on the Warsaw Stock Exchange and values the company at approximately 32.6 billion zloty (7.6 billion euros), according to Reuters.