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Quebec-based convenience retailer Couche-Tard posted a 1.7% year-over-year increase in comparable U.S. merchandise sales while simultaneously pushing forward with its acquisition of Poland's Zabka Group.
Seven & i Holdings is reportedly in advanced discussions to purchase a stake in Zabka Group, a prominent retail chain in Poland.
Convenience store giant Couche-Tard has officially submitted a takeover offer for Zabka, aiming to expand its dominant presence in the Polish retail market.
Shares of Zabka Group surged by 10% following reports that Seven & i Holdings, the Japanese retail giant and owner of 7-Eleven, is nearing a deal to invest in the Polish convenience store chain.
Japan's Seven & i Holdings Co. has concluded discussions regarding a potential investment in Zabka Group SA, Poland's largest convenience store operator, although it continues to seek expansion opportunities outside its home market.