Canada’s Alimentation Couche-Tard to acquire controlling stake in Polish Żabka Group, owner of Froo stores in Romania

31 July 2026 Alimentation Couche-Tard Inc. (TSX: ATD) announced that it plans to acquire a controlling stake in Poland's largest convenience retailer Żabka Group (WSE: ZAB) in a deal valued at USD 8.6 billion. Couche-Tard will initiate a voluntary tender offer through its wholly owned subsidiary, Circle K Polska sp. z.o.o. for PLN 32.00 (equivalent of USD 8.48) per share, representing a total equity value of approximately PLN 32.62 billion (equivalent of USD 8.6 billion). The transaction represents the largest acquisition in Couche-Tard’s history, the company said. The deal is supported by Żabka's key executive managers and shareholders owning, in aggregate, approximately 57% of Żabka's issued and outstanding shares, including CVC Capital Partners and Partners Group. For Couche-Tard, the a