Żabka

Alimentation Couche-Tard Announces Tender Offer for 100% of Żabka Group Shares at PLN 32 Per Share

Alimentation Couche-Tard, a global leader in convenience retail, has announced a tender offer to acquire 1,002,974,605 shares of Żabka Group, representing 100% of the company’s equity. The offer price is set at PLN 32 per share, according to Ipopema Securities, the intermediary managing the transaction. This move signals Couche-Tard’s strategic interest in expanding its footprint in Central and Eastern Europe by acquiring Żabka, Poland’s leading convenience retail operator.

Żabka Group, with its extensive franchise-based network of 12,750 stores, including its growing presence in Romania, has established itself as a dominant player in the convenience retail sector. The company’s integrated retail ecosystem, which combines logistics, private-label products, digital solutions, and data-driven analytics, aligns with Couche-Tard’s global strategy of leveraging scalable and efficient retail models. The acquisition, if successful, would mark a significant milestone in the consolidation of the fragmented grocery and convenience retail markets in the region.

Relevance: This development is highly significant for Żabka S.A. as it underscores the company’s strong market position and attractiveness to global investors, while potentially opening new avenues for growth and international collaboration under Couche-Tard’s ownership.

Żabka Group Announces Share Transfer by Management Committee Member

Żabka Group S.A., a leading convenience retail operator in Central and Eastern Europe, has disclosed a significant transaction involving its Group Chief People Officer, Jolanta Bańczerowska. On August 25, 2026, Ms. Bańczerowska transferred 411,637 Żabka Group ordinary shares to the Mirai Family Foundation, an entity closely associated with her, through a donation agreement. The transaction, valued at 0 PLN, was conducted outside of a trading venue and was formally reported in compliance with EU Market Abuse Regulation (MAR) requirements.

The notification highlights Żabka Group's commitment to transparency and regulatory compliance, as the company continues to expand its operations across Poland and Romania while exploring new growth opportunities in digital commerce and food solutions.

Relevance: This transaction underscores Żabka's robust governance framework and its adherence to market regulations, which are critical for maintaining investor confidence and supporting its growth strategy.

Żabka Reports Cyberattack on Franchisee Information Exchange System

Żabka S.A. has reported a cyberattack targeting its system used for information exchange with franchisees, according to the company’s press office on Tuesday. The incident has been communicated to relevant authorities, including the Office for Personal Data Protection (UODO). Żabka assured that transactional data, such as receipt information, and its mobile application "Żappka" remain secure and unaffected by the breach.

The company emphasized its commitment to data security and stated that immediate measures were taken to mitigate the impact of the attack and protect its systems. Investigations are ongoing to determine the scope of the breach and prevent future incidents.

Relevance to Żabka S.A.: This incident is significant as it highlights the importance of cybersecurity in Żabka’s integrated retail platform, which relies heavily on digital solutions and data-driven analytics to support its franchise-based convenience retail ecosystem.

Żabka Group to Remain Independent Under Couche-Tard Ownership Following Acquisition

Alimentation Couche-Tard, a global leader in convenience retail, has announced plans to acquire Żabka Group S.A., Poland's leading convenience store operator, through a tender offer set to begin in August 2026. The transaction, valued at approximately PLN 32.62 billion (USD 8.6 billion), is expected to close by the end of Q4 2026, pending regulatory approvals. Żabka will continue to operate independently under its existing management team, with its brand and franchise model remaining intact.

Alex Miller, CEO of Couche-Tard, emphasized Żabka's strong financial profile, innovative franchise model, and experienced management as key drivers of the acquisition. He highlighted the strategic alignment between the two companies, noting that Żabka's presence in Central and Eastern Europe complements Couche-Tard's global footprint. The acquisition is projected to generate cost and revenue synergies of approximately USD 250 million within three years post-transaction.

Żabka's Chief Strategy and Development Officer, Tomasz Blicharski, who will assume the role of CEO post-acquisition, confirmed that the Żabka brand will remain a cornerstone of the business. He also outlined plans for continued expansion in Romania, where the company currently operates 250 stores, with rapid growth underway. Future international expansion opportunities will be evaluated at a later stage.

The acquisition will also enhance Couche-Tard's presence in Poland, where it already operates nearly 400 Circle K locations. Combined, the pro forma revenues of Couche-Tard and Żabka are estimated at USD 83.9 billion, with an adjusted EBITDA of USD 7.8 billion, excluding synergies. If Couche-Tard secures at least 95% of Żabka's shares, it plans to initiate a squeeze-out process and delist the company from the Warsaw Stock Exchange.

Żabka has demonstrated robust growth, opening 778 new stores in Poland and Romania in the first half of 2026, bringing its total network to 13,063 locations. The company aims to open over 1,300 new stores by the end of the year, further solidifying its position as a leader in the convenience retail sector.

Couche-Tard's acquisition of Żabka marks its largest transaction to date, reflecting its commitment to expanding its convenience retail platform in Europe while leveraging Żabka's proven operational model and market expertise.

Relevance to Żabka S.A.: This acquisition underscores Żabka's strong market position, innovative franchise model, and growth potential, aligning with its strategy of leveraging scale, technology, and geographic expansion to drive long-term value.

Żabka Group Shares Surge Over 10% Following Takeover Announcement by Alimentation Couche-Tard

Shares of Żabka Group S.A. rose by 10.9% during Friday's trading session, reaching PLN 32.43 per share, following the announcement that Canadian convenience store giant Alimentation Couche-Tard intends to launch a tender offer for 100% of Żabka's shares. The trading volume exceeded PLN 40 million shortly after the market opened.

The proposed offer price is PLN 32 per share, implying a total market capitalization of approximately PLN 32.62 billion (USD 8.6 billion). The transaction has already secured the support of key Żabka executives and shareholders, including CVC Capital Partners and Partners Group, who collectively hold around 57% of Żabka's outstanding shares. These stakeholders have signed irrevocable agreements to sell their shares as part of the tender offer.

At the close of Thursday's session, Żabka's shares were trading at PLN 29.26, making the offer price a significant premium over the prior valuation.

Relevance to Żabka S.A.: This development is highly significant for Żabka S.A., as it underscores the company's strong market position and attractiveness to global investors, aligning with its profile as a leading convenience retail ecosystem in Central and Eastern Europe.

Żabka S.A. Loses Key Tender to Competitor Offering Lower Bid

Żabka S.A., Poland's leading convenience retail operator, has lost a significant tender to a competitor who submitted a lower bid. The tender, which involved the supply of grocery and convenience products to a major institutional client, was awarded to a rival company that offered a more competitive price. Żabka's bid, while comprehensive and aligned with its high-quality standards, was ultimately higher than the winning offer, leading to the company's exclusion from the contract.

This development highlights the competitive pressures in the convenience retail sector, where pricing remains a critical factor in securing large-scale contracts. For Żabka S.A., which operates a predominantly franchise-based model and focuses on leveraging scale advantages, this outcome underscores the challenges of balancing cost efficiency with maintaining its premium service and product quality.

Relevance to Żabka S.A.: The tender loss is significant as it reflects the competitive dynamics in the retail ecosystem, directly impacting Żabka's growth strategy and its ability to leverage procurement and supply chain efficiencies.

Alimentation Couche-Tard Subsidiary to Acquire Majority Stake in Żabka Group S.A.

On July 31, 2026, Żabka Group S.A., headquartered in Luxembourg, received formal notification from Circle K Polska sp. z o.o., a subsidiary of Alimentation Couche-Tard Inc., regarding a planned transaction to acquire a majority stake in the company. The agreement involves Heket Topco S.à r.l. and PG Investment Company 1113B S.à r.l., both registered in Luxembourg, committing to sell their shares in Żabka Group through a tender offer initiated by Circle K Polska. The combined sale commitments from these entities represent 47.637% of Żabka's share capital.

Additionally, Żabka's key management team, including CEO Tomasz Suchański and other senior executives, have also entered into irrevocable agreements to sell their shares, amounting to 9.608% of the company's share capital. In total, the commitments under the agreement and management undertakings cover 57.245% of Żabka's share capital, effectively granting Alimentation Couche-Tard a controlling interest in the company. Notably, some members of Żabka's management team have agreed to reinvest a portion of their proceeds into Alimentation Couche-Tard's stock.

This development marks a significant shift in Żabka's ownership structure, with the company poised to become part of the global retail ecosystem of Alimentation Couche-Tard, a Canadian multinational convenience store operator.

Relevance to Żabka S.A.: This acquisition aligns with Żabka's strategic focus on leveraging global partnerships to enhance its convenience retail ecosystem and expand its market presence in Central and Eastern Europe.

Żabka Group Executives Commit to Share Disposal Amid Conditional Takeover Offer by Circle K Polska

Żabka Group S.A., a leading convenience retail operator in Central and Eastern Europe, has announced that several key executives and closely associated entities have entered into irrevocable undertakings to sell their shares in the company. The transactions are part of a conditional takeover offer initiated by Circle K Polska sp. z o.o., with shares priced at 32 PLN per unit.

Notable transactions include:

• Tomasz Suchański, Group CEO, committed to sell 43,187,541 shares through Ribeira SCSp, amounting to 1.38 billion PLN.
• Tomasz Blicharski, Group Chief Strategy & Development Officer, committed to sell 21,830,746 shares through Jaal Investments SCSp, totaling 698.58 million PLN.
• Anna Grabowska, Managing Director of Żabka International, committed to sell 14,286,224 shares, valued at 457.16 million PLN.
• Adam Manikowski, CEO of Żabka Polska Business Unit, committed to sell 14,026,960 shares through Sigma Investment SCSp, worth 448.86 million PLN.
• Marta Wrochna-Łastowska, Group CFO, committed to sell 832,003 shares through Adelfoi Fundacja Rodzinna, totaling 26.62 million PLN.
• Jolanta Bańczerowska, Group Chief People Officer, committed to sell 411,637 shares, valued at 13.17 million PLN.
• Wojciech Krok, Managing Director of Żabka Future, committed to sell 987,095 shares through Alexandria Investments S.àr.l., amounting to 31.59 million PLN.

The transactions were conducted outside of trading venues and are subject to the conditions of the takeover offer. The total value of shares committed for sale by the executives and their associated entities exceeds 3 billion PLN.

Relevance to Żabka S.A.: This development is significant as it reflects a potential shift in the ownership structure of Żabka Group, which could impact its strategic direction and ongoing expansion efforts in Poland and Romania.

Żabka S.A. Announces Dividend Payout of €0.12 Per Share

Żabka S.A., a leading convenience retail operator in Central and Eastern Europe, has announced a dividend payout of €0.12 per share. The dividend day is set for July 27, 2026, with the payment scheduled for July 31, 2026. This announcement underscores the company's commitment to delivering value to its shareholders while maintaining its strong financial performance.

In Q1 2026, Żabka reported robust financial results, including PLN 7.4 billion in sales to end customers, PLN 6.6 billion in revenue, and PLN 674 million in adjusted EBITDA. The company continues to leverage its asset-light, franchise-based business model and integrated retail ecosystem to drive growth and profitability.

Relevance to Żabka S.A.: The dividend payout reflects Żabka's strong financial health and its ability to generate consistent returns for shareholders, aligning with its strategic focus on sustainable growth and value creation.

Key Corporate Events on NewConnect Market for the Week of July 27-31, 2026

The NewConnect market has announced a series of significant corporate events scheduled for the week of July 27-31, 2026. These include general meetings, dividend payouts, and corporate restructuring decisions:

• Monday, July 27: Milton and Blackrose will hold general meetings, with Blackrose addressing the issuance of Series D shares and changes to its supervisory board.
• Tuesday, July 28: Farmyfo, IBC Polska, and Grupa MZ will conduct general meetings. Ekopol will distribute dividends of PLN 0.24 per ordinary share and PLN 0.36 per preferred share.
• Wednesday, July 29: Euvic, Carlson, Honeypay, and Sigmadef will hold meetings, with Sigmadef discussing a merger with MW Rail SA.
• Thursday, July 30: GHydrogen will continue its general meeting from June 30.
• Friday, July 31: Dividend payouts are scheduled for Balticon (PLN 0.22 per share), BSH (PLN 1.00 per share), and Klepsydra (PLN 0.04 per share).

These events reflect ongoing corporate governance activities, financial distributions, and strategic decisions across various companies listed on the NewConnect market.

Relevance to Żabka S.A.: While Żabka S.A. is not directly mentioned, the focus on dividend payouts and corporate governance highlights broader market trends that could influence investor sentiment and financial strategies within the retail and franchise sectors, including Żabka's operations.

Żabka Group to Present Financial Results for H1 2026 on July 31

Żabka Group S.A., a leading convenience retail operator in Poland and Central and Eastern Europe, has announced a scheduled online conference on July 31, 2026, to present its financial results for the first half of the year. The event will provide insights into the company’s performance, including key financial metrics and updates on its strategic initiatives, such as the expansion of its store network, advancements in digital commerce, and the growth of its operations in Romania.

The presentation is expected to highlight Żabka’s continued focus on leveraging its integrated retail ecosystem, which combines logistics, supply chain management, private-label products, and digital solutions to drive growth. The company’s asset-light, franchise-based model and its emphasis on convenience, proximity, and frequent shopping missions remain central to its strategy.

Żabka’s financial results for Q1 2026 already showcased strong performance, with PLN 7.4 billion in sales to end customers, PLN 6.6 billion in revenue, and PLN 674 million in adjusted EBITDA. The upcoming conference will likely provide further details on the company’s progress in its New Growth Engines, including digital commerce and food solutions, as well as its efforts to capitalize on long-term trends such as urbanization and the increasing demand for ready-to-eat meals.

The conference will be accessible via a live webcast, allowing stakeholders to gain a comprehensive understanding of Żabka’s financial health and strategic direction.

Relevance to Żabka S.A.: This announcement is directly relevant to Żabka’s business profile as it underscores the company’s financial performance and strategic initiatives, which are critical to its position as a leader in the convenience retail sector.

Żabka Shares Decline by 5.7% Following Recent Surge

Żabka S.A., a leading convenience retail operator in Central and Eastern Europe, experienced a 5.7% drop in its stock price, marking the weakest performance among WIG20-listed companies. This decline follows a significant rally in the company's shares, which rose by over 20% between July 16 and July 21. On Wednesday, July 22, the stock further decreased by 1.1%, signaling a potential correction after the recent surge.

The fluctuation in Żabka's stock price reflects market dynamics and investor sentiment, which are critical for a company operating an asset-light, franchise-based retail model. The performance of its shares is directly tied to its ability to sustain growth through store expansion, digital innovation, and operational efficiency.

Seven & i Holdings Confirms Talks Regarding Investment in Żabka Group

Seven & i Holdings, the Japanese retail conglomerate and operator of the global 7-Eleven convenience store chain, has confirmed ongoing discussions about a potential investment in Żabka Group. The announcement, made in a statement on Friday, highlights the strategic interest of Seven & i Holdings in Żabka's rapidly growing convenience retail ecosystem, which is a market leader in Poland and expanding across Central and Eastern Europe.

Żabka Group, known for its franchise-based convenience store network and innovative retail solutions, has become an attractive target for global investors due to its strong financial performance, scalable business model, and focus on digital transformation. The potential investment aligns with Seven & i Holdings' strategy to expand its footprint in high-growth markets and leverage Żabka's expertise in urban convenience retail and data-driven operations.

Relevance: This development is significant for Żabka S.A. as it underscores the company's position as a leading player in the convenience retail sector and highlights its appeal to global investors seeking to capitalize on its growth trajectory and innovative business model.

Żabka Group Leads Gains Amid Market Decline on Warsaw Stock Exchange

Despite a general downturn on the Warsaw Stock Exchange (GPW), Żabka Group S.A. emerged as a standout performer, with its stock price rising by 7.4% during the second consecutive session of gains. This comes as the WIG20 index fell by 1.36%, reflecting broader market declines driven by geopolitical tensions and corrections in the AI and semiconductor sectors.

Analysts attribute Żabka's strong performance to reduced market concerns over potential share supply and speculation about strategic opportunities for growth and expansion. The absence of competitive threats from major global players, such as 7-Eleven, entering the Polish market has also been viewed positively by investors. Żabka's asset-light franchise model and its focus on convenience retail continue to position it as a resilient player in the market.

Meanwhile, other sectors on the GPW faced significant losses, with banking stocks and commodity companies like KGHM experiencing declines. Broader market sentiment remains cautious due to geopolitical risks, including tensions in the Middle East, and corrections in high-growth technology sectors.

Żabka's robust stock performance underscores investor confidence in its business model and growth strategy, particularly its focus on convenience retail, digital solutions, and geographic expansion.

Relevance to Żabka S.A.: This article highlights Żabka's resilience and growth potential in a challenging market environment, aligning with its strategic focus on leveraging its franchise model, digital innovation, and expansion to drive value creation.