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Zabka Group SA (Żabka)UPDATE: Heket Topco and PG Investment Company sell 100 million Zabka grocer shares in ABB at PLN 21.5 per share
Heket Topco, an entity controlled by the CVC fund and PG Investment Company 1113B sold a total of 100 million listed convenience store chain Zabka Group shares as part of an accelerated bookbuilding process at a price of PLN 21.50 (EUR 5.08) per share, Ipopema Securities said in a statement.
Ipopema Securities acted as the global coordinator and bookrunner.
Following the sale, Heket Topco will own 37.7 percent of Zabka's shares, while PG Investment Company will hold a 10 percent stake in the firm.
The sellers agreed not to reduce their stake in Zabka for 180 days from the transaction date.
Zabka Group will not receive any proceeds from this transaction.
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