Seven & i Shares drop after ending deal talks with Poland’s Zabka
7 Articles
7 Articles
7-Eleven halts acquisition talks with Polish supermarket chain Żabka - RetailDetail EU
Seven & i Holdings, the owner of 7-Eleven, has been unable to reach an agreement on a potential investment in Żabka Group, Poland’s largest operator of convenience stores. The Japanese retailer has so far been unable to gain a foothold in Europe.
Shares of the Żabka Group fell sharply at the opening bell on Monday. This was a direct reaction to the news that Japanese company Seven & i Holdings, owner of the 7-Eleven chain, had withdrawn from its planned investment in the Polish company.
Japan's Seven & I Holdings, the owner of the 7-Eleven supermarket chain, has pulled out of talks to acquire shares in the company that owns Polish retail chain Żabka, reportedly after failing to reach favorable terms.
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