Alimentation Couche-Tard Inc. has set its sights on Polish convenience store chain Zabka Group.
The Laval, Que.-based owner of Couche-Tard and Circle K stores says it used a Polish subsidiary to make an offer valued at US$8.6 billion for a controlling stake in Zabka.
The voluntary tender offer prices Zabka at 32 Polish zloty per share or roughly US$8.48 per share.
Zabka has more than 13,000 convenience stores across Poland and Romania, while Alimentation Couche-Tard counts 17,300 globally.
Zabka’s executive managers and investors holding 57 per cent of the company’s issued and outstanding shares in aggregate unanimously support the deal.
The transaction is subject to regulatory approvals but is expected to close no later than December. It would be Couche-Tard’s largest acquisition ever.
This report by The Canadian Press was first published July 31, 2026.
