Właściciel Cirkle K przejmuje Żabkę. Będzie wezwanie na 100 proc. akcji, znamy cenę - Bankier.pl
Summary
Alimentation Couche-Tard intends to announce a mandatory offer for 100 percent of Żabka Group at a price of 32 zł per share, according to a statement by Ipopema Securities. Żabka confirmed it has entered into a transaction agreement with Circle K Polska, the Canadian company's Polish subsidiary, and that shareholders including Heket and PG Investment Company have committed to selling their stakes. The deal involves 1,002,974,605 shares and is expected to be financed through debt facilities arranged by J.P. Morgan, National Bank of Canada Capital Markets, and The Bank of Nova Scotia. Management, including President Tomasz Suchański, have also agreed to sell their shares and will invest proceeds into Alimentation Couche-Tard Inc. shares. The transaction would give Couche-Tard immediate access to Żabka's platform in Central and Eastern Europe while preserving its franchise model and local management structure.
Key points
- Alimentation Couche-Tard will acquire 1,002,974,605 Żabka shares representing 100 percent of the company at 32 zł per share.
- Shareholders Heket and PG Investment Company have committed to selling 377,364,050 and 100,425,713 shares, respectively.
- Żabka management, led by Tomasz Suchański, has agreed to sell 96,363,369 shares and invest proceeds into Alimentation Couche-Tard Inc.
- The transaction will be financed by debt facilities arranged by J.P. Morgan, National Bank of Canada Capital Markets, and The Bank of Nova Scotia.
- Couche-Tard plans to conduct a squeeze-out to acquire remaining shares if it obtains at least 95 percent of voting rights.
Timeline
Alimentation Couche-Tard announces mandatory offer for Żabka at 32 zł per share.
“"Dzisiejsze ogłoszenie transakcji jest potwierdzeniem siły naszego biznesu i marki oraz odzwierciedleniem trwałej wartości, którą wspólnie stworzyliśmy."”
Background
Żabka has been owned by CVC and Partners Group since 2017 and 2019, respectively.
Why it matters
The acquisition would expand Circle K's network in Poland to nearly 400 stations and integrate Żabka into the global Alimentation Couche-Tard system.
What's next
Couche-Tard will announce the mandatory offer and, upon securing at least 95 percent of shares, plans to delist Żabka from the Warsaw Stock Exchange.