Circle K owner to acquire Żabka at 32 PLN per share

Alimentation Couche-Tard, the Canadian owner of the Circle K chain, plans to launch a tender offer for 100% of Żabka Group shares at 32 PLN per share. Żabka confirmed it has signed an agreement with Circle K Polska, a subsidiary of Couche-Tard. Żabka's shareholders have committed to selling their shares as part of the deal.