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Seven & i Confirms Talks to Buy Stake in Poland's Zabka; Shares Up 3%

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Seven & i Holdings (TYO:3382) confirmed that it is in talks to invest in Poland's largest convenience store chain, Zabka Group, but noted that no decision has been made to date.

The company's statement filed on Friday with the Tokyo Stock Exchange was in response to a Bloomberg report on Thursday about Seven & i's plans to purchase a stake in Zabka for "several hundred billion yen."

Shares of Seven & i rose more than 3% in recent trade.

(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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