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

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

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.

The 7-Eleven operator is looking to acquire several tens of percent of equity interest in Zabka, according to a report by Nikkei Asia.

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

A Seven & i representative declined a request for comment by.

(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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