Alimentation Couche-Tard Launches Formal Takeover Bid for Polish Convenience Chain Zabka
Canada-based Alimentation Couche-Tard has initiated a formal takeover offer for Poland’s convenience retailer, Zabka Group. The bid is priced at 32 zlotys per share and values the company at approximately $8.74 billion (32.62bn PLN). Conducted through its subsidiary Circle K Polska with Ipopema Securities as intermediary, this move aims to acquire full control of Zabka and delist it from the Warsaw Stock Exchange. The offer period runs from 27 August to 25 September 2026, with share purchase completion scheduled for 30 September. Major shareholders CVC Capital Partners and Partners Group have already committed their stakes in support of the transaction. Zabka reported $1.1 billion adjusted EBITDA over its last fiscal year. The combined entity is projected to generate pro forma revenue of around $83.9 billion with an adjusted EBITDA margin near 9.3%. Couche-Tard anticipates synergies worth up to $250 million, which it aims to fully realize within three years post-acquisition.
Topics: convenience stores Poland retail takeover