Circle K owner launches 32-zloty-per-share bid for Żabka and plans to delist it

Canadian giant Alimentation Couche-Tard has announced a tender offer for all shares of Żabka Group at 32 zlotys per share, aiming to gain full control of the convenience-store chain and delist it from the Warsaw Stock Exchange. The acquiring entity is Circle K Polska sp. z o.o. Key shareholders have already declared their intention to sell.