The deal involves a voluntary tender offer at 32 zlotys per share, representing a 9.4% premium over Zabka's previous closing price. With commitments from investors representing 57% of the company's capital, including CVC Capital and Partners Group, the transaction signals a strategic shift to bolster the Canadian firm's footprint in Central and Eastern Europe. Upon completion, the combined entity will manage approximately 30,300 stores, with Europe accounting for 60% of the company's total retail presence.
Couche-Tard executive Alex Miller confirmed that the Zabka brand will remain intact and the current franchise model will see no immediate changes. The acquisition aims to generate $250 million in annual synergies within three years. While the company intends to delist Zabka should its stake exceed 95%, the Polish operator will maintain operational autonomy under its current leadership. The deal, which follows failed negotiations between Zabka and Seven & I earlier this month, is scheduled to close by December 2026.
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