Żabka dividend recap to close imminently

By Mariam Meskin
22 Jul 2019

Polish convenience store operator Żabka Polska is expected to close its dividend recap imminently, according to market participants. Bankers have compared the deal to the dividend recap transaction that Polish e-commerce platform Allegro completed in May.

The transaction will grow Żabka’s existing facility by Z1.8bn (€423m), according to bankers familiar with the trade. Żabka raised a Z2.7bn loan in 2017 for its leveraged buyout by CVC Capital Partners from Mid Europa Partners.

Most of the documentation on the transaction has been signed, though the deal is ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.