Canadian company Alimentation Couche-Tard Inc., owner of Circle K, has agreed to acquire Polish retail chain Żabka Group SA for approximately 32.6 billion zlotys ($8.7 billion), further expanding its European operations.

Shares of Żabka Group surged on the Warsaw stock exchange following unofficial reports that Japanese retail giant Seven & i Holdings, which manages the 7-Eleven brand, is in talks to acquire the Polish convenience store chain.

Canadian convenience store giant Alimentation Couche-Tard has agreed to acquire the Polish Żabka Group, which operates the Froo store network in Romania, for $8.6 billion.

The Żabka Group is strongly committed to responsible business practices and views ESG (Environmental, Social, and Governance) topics not merely as regulatory obligations but as opportunities for further development and improved organizational management.