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

Alimentation Couche-TardInc. (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).