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Correction: Market Chatter: Seven & i Reportedly Eyes Stake in Poland's Zabka

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(Corrects reference to company comments in the last paragraph)

Seven & i (TYO:3382) is eyeing a stake worth several hundred billion yen in Poland's Zabka Group, according to media reports on Thursday.

The potential move to acquire the convenience store operator comes in a bid to expedite the company's plans to expand in European markets, Bloomberg reported. Meanwhile, Nikkei Asia said the 7-Eleven operator is looking to acquire several tens of percent of equity interest in Zabka.

The parties are reportedly holding negotiations for the deal, which may or may not materialize.

A Zabka representative toldthat the company does not comment on any rumors related to potential secondary transactions concerning its existing shares, while Seven & i did not immediately respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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