CoucheTard launches Zabka tender offer
Alimentation CoucheTard is launching a voluntary tender offer for all shares of Zabka at 32 zlotys each. The deal values the Polish chain at roughly 32.6 billion zlotys. The offer runs from Thursday until September 25.
Xurve View
Insights:
Xurve View
ALIMENTATION COUCHE-TARD INC launched a voluntary tender offer for all shares of ZABKA GROUP SA at 32 zlotys per share, valuing the company at 32.6 billion zlotys ($8.8 billion). The offer follows the Canada-based convenience store operator's record-setting expansion strategy in Poland and Romania following a dropped bid in Japan for SEVEN & I HOLDINGS CO LTD last year. Investors now weigh whether the valuation reflects the retailer's footprint of 13,000 stores across Central Europe.
