EU clears takeover hurdle as 57.25% is pledged for Zabka stock

Published on 10/16/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zabka stock costs EUR 7.24 on October 16, 2026. The PLN 32 offer covers 1,002,974,605 shares and ends October 26.

Takeover conditions and operating scale

The European Commission cleared the foreign-subsidy condition on October 9, 2026, while the PLN 32 offer remains conditional.
Revenue reached PLN 14,666 million in the first half of 2026, up 14.70 percent year over year.
Zabka stock trades at EUR 7.24 at 10:15 a.m. CEST at Lang & Schwarz on October 16, 2026.

Zabka, LU2910446546, Illustration mit AI erstellt.

Zabka Group (ISIN LU2910446546) was trading at EUR 7.24 at Lang & Schwarz on October 16, 2026, while its takeover moved past another regulatory hurdle. The European Commission raised no objection to the foreign-subsidy aspect of Alimentation Couche-Tard's bid on October 9, 2026, according to Poland 24 Business.

EU clearance leaves one hurdle

The decision satisfied one condition of the PLN 32 per-share tender offer, which covers 1,002,974,605 shares. The offer values the equity at PLN 32.1 billion, but competition approval remains outstanding, so the transaction has not closed.

Zabka's investor-relations materials list 13,403 stores as of September 30, 2026, alongside 12.7 million annual digital-channel users, giving the takeover a retail network and technology platform beyond traditional convenience stores. The figures come from the company's investor-relations page at Zabka Group.

What does the offer mean for listing?

Couche-Tard has stated an intention to acquire up to 100 percent of Zabka's shares and voting rights. A stake of at least 95 percent would enable a compulsory acquisition of remaining shares and could support a later delisting, although neither step has occurred.

Three events shaped the bid

On August 26, 2026, Couche-Tard announced the PLN 32 tender offer. On September 17, 2026, the acceptance period was extended to October 26, 2026. On October 9, 2026, the European Commission cleared the foreign-subsidy condition, with 57.245 percent of shares already covered by irrevocable commitments, according to Poland 24 Business.

Two dates govern the next steps

The acceptance period ends on October 26, 2026, and the expected purchase transaction date is October 29, 2026. Settlement is scheduled for November 3, 2026, subject to the remaining takeover condition.

Revenue growth supports the retail case

For the first half of 2026, revenue reached PLN 14,666 million, up 14.70 percent year over year. EBITDA was PLN 1,812 million and net income was PLN 249 million, according to stockd. The report also cited 13,063 stores and 3.60 percent like-for-like growth for the period.

Stock price and valuation

Zabka Group's primary-market quotation was PLN 31.67 on GPW at 10:12 a.m. CEST on October 16, 2026. The latest market value was PLN 31.7 billion, while the 52-week range was PLN 19.92 to PLN 33.88.

Zabka Group was trading at EUR 7.24 at Lang & Schwarz on October 16, 2026 at 10:15 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Zabka stock.