Couche-Tard extends Zabka tender offer: Zabka stock gets December 2 deadline

Published on 10/20/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Couche-Tard extends the tender deadline to December 2, 2026. Zabka stock costs EUR 7.23 on October 20, 2026, while the offer stays at PLN 32.

Takeover timetable and scale

Couche-Tard extended the tender deadline to December 2, 2026.
The offer covers 1,002,974,605 Zabka shares.
Zabka operates 13,403 stores as of September 30, 2026.

Zabka, LU2910446546, Illustration mit AI erstellt.

Zabka (LU2910446546) was trading at EUR 7.23 at Lang & Schwarz on October 20, 2026 at 10:59 a.m. CEST. PAP Biznes reported on October 19, 2026 that Alimentation Couche-Tard had extended the tender-offer subscription period to December 2, 2026, while keeping the offer price unchanged.

Takeover timeline reaches December

The revised timetable keeps the proposed acquisition alive for longer. The offer covers 1,002,974,605 shares, representing 100 percent of Zabka Group, at PLN 32 per share. The direct buyer is Circle K Polska, a subsidiary of Alimentation Couche-Tard.

UOKiK said on October 16, 2026 that Circle K Polska had filed for approval to acquire sole control of Zabka Group. The competition case was still in progress, making regulatory clearance the key condition for the transaction.

What does the new deadline change?

The chronology shows three concrete steps. On August 26, 2026, Couche-Tard announced the PLN 32 tender for 1,002,974,605 shares. On September 17, 2026, the acceptance period was extended to October 26, 2026. On October 19, 2026, the deadline moved again to December 2, 2026, with the offer price unchanged, according to Bankier.pl.

The next stated dates are December 7, 2026, for the planned transaction completion, and December 10, 2026, for settlement. The timetable can still change if the required conditions are not met.

Store scale supports the valuation

Zabka's operating footprint provides the business context for the takeover. Its investor-relations materials show 13,403 stores as of September 30, 2026, while the group combines franchised convenience retail with digital services. That scale helps explain why the tender targets the entire share capital rather than a minority stake.

EUR quote stays below the offer value

At Lang & Schwarz, Zabka stock was trading at EUR 7.23 on October 20, 2026 at 10:59 a.m. CEST. The Warsaw quote was last at PLN 31.69 on October 20, 2026 at 12:43 p.m. CEST, while the tender offer remained PLN 32.00 per share. The further course of trading is shown by the continuously updated real-time quote of Zabka stock.