CVC Plans Zabka Listing for Biggest Warsaw IPO Since 2021
- Retailer wants to keep opening over 1,000 stores every year
- CVC shares reach new high after Amsterdam-listing in April
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CVC Capital Partners Plc is planning an initial public offering in Zabka Group in what could be Poland’s biggest first-time share sale in at least three years.
The offering in the country’s largest convenience store chain would comprise of only existing shares, according to a statement on its website. The offering will provide CVC an opportunity to partially exit its investment, while giving the retailer access to capital markets in case of potential takeover transactions, according to the statement. CVC’s shares rose to a record in Amsterdam.