Seven & i Negotiates Double-Digit Zabka Stake Worth Hundreds of Billions of Yen
Updated
Updated · Bloomberg · Jul 17
Seven & i Negotiates Double-Digit Zabka Stake Worth Hundreds of Billions of Yen
3 articles · Updated · Bloomberg · Jul 17
Summary
Seven & i is negotiating an investment of several hundred billion yen for a double-digit stake in Zabka Group, Poland’s largest convenience-store operator, according to people familiar with the matter.
The deal would speed the 7-Eleven owner’s push into Europe, where its growth has trailed its core US and Japanese markets.
Zabka gives Seven & i a sizable platform in Poland, where the chain operates more than 10,000 stores, strengthening its reach in Eastern Europe.
Investor interest has already picked up around the talks, with Seven & i shares rising more than 3% in earlier trading as the market bet on acquisition-led expansion.