Alimentation Couche-Tard to Acquire Żabka Group in $8.74 Billion Deal
Canadian convenience store operator Alimentation Couche-Tard has agreed to acquire Polish retailer Żabka Group for 32.62 billion zlotys ($8.74 billion). The deal, which is the largest acquisition in Couche-Tard's history, involves a cash tender offer of 32 zlotys per share through its subsidiary Circle K Polska. Approximately 57% of Żabka’s shares are already committed to be sold under irrevocable undertakings from major shareholders including CVC Capital Partners and Partners Group. The acquisition is expected to expand Couche-Tard's presence in Central and Eastern Europe, adding nearly 10,000 stores operated by Żabka. The transaction requires regulatory approvals at both EU and national levels before it can close as early as December 2026. If successful, the deal could lead to a compulsory squeeze-out of remaining shareholders and delisting from the Warsaw Stock Exchange.
Topics: convenience_stores corporate_deal international_expansion retail