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First 7-Eleven, now Zabka: Canadian convenience giant Alimentation Couche-Tard eyes takeover of Polish rival

The Laval, Que.-based owner of Couche-Tard and Circle K stores announced Friday that it made an offer valued at more than $12 billion to buy Polish convenience store operator Zabka Group. The play comes after Alimentation Couche-Tard tried, but failed, to buy the parent company of 7-Eleven for more than a year.

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The Laval, Que.-based owner of Couche-Tard and Circle K stores announced Friday that it made an offer valued at more than $12 billion to buy Polish convenience store operator Zabka Group. The play comes after Alimentation Couche-Tard tried, but failed, to buy the parent company of 7-Eleven for more than a year. After failing to buy a French grocer and one of the biggest convenience store chains in the world, Alimentation Couche-Tard Inc, has a new takeover target. The Laval, Que.-based owner of Couche-Tard and Circle K stores announced Friday that it's going after Polish convenience store operator Zabka Group. Couche-Tard said it made an offer valued at more than $12 billion for a controlling stake in Zabka. A successful closure of the deal would mark Couche-Tard's largest acquisition ever and fulfil its longtime goal of greatly expanding its empire. Alimentation Couche-Tard, which often uses an owl mascot, counts 17,300 locations across 27 countries. Meanwhile, beverages and fuel are the stars at Couche-Tard. About 13,200 of the chain's locations have gas stations, while Zabka doesn't offer fuel at all. "This is not about one company teaching another," Couche-Tard CEO Alex Miller said on an analyst call to discuss the proposed transaction. Miller said he and other Couche-Tard executives, including founder and former chief executive Alain Bouchard, had been eyeing Zabka for 15 years at least.

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based owner of Couche-Tard andCollocation

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From the storyThe Laval, Que.-based owner of Couche-Tard and Circle K stores announced Friday that it made an offer valued at more than $12 billion to buy Polish convenience store operator Zabka Group.

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From the storyThe Laval, Que.-based owner of Couche-Tard and Circle K stores announced Friday that it made an offer valued at more than $12 billion to buy Polish convenience store operator Zabka Group.

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From the storyThe Laval, Que.-based owner of Couche-Tard and Circle K stores announced Friday that it made an offer valued at more than $12 billion to buy Polish convenience store operator Zabka Group.

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From the storyAfter failing to buy a French grocer and one of the biggest convenience store chains in the world, Alimentation Couche-Tard Inc, has a new takeover target.

failing to buy a FrenchCollocation

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From the storyAfter failing to buy a French grocer and one of the biggest convenience store chains in the world, Alimentation Couche-Tard Inc, has a new takeover target.

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