In a recent announcement, CVC, the owner of Poland’s Żabka convenience store chain, disclosed its intention to launch its first public offering on the Amsterdam stock exchange. The company aims to issue new shares and sell existing ones, with a targeted fundraising of approximately 250 million euros from the sale of new shares. The total offering is expected to reach at least 1.25 billion euros.
The firm anticipates executing the offering in the coming weeks, contingent upon market conditions. CVC, with assets under management totaling around 186 billion euros, holds stakes in various companies, including Swiss watchmaker Breitling and Lipton Teas and Infusions. Its entry into the stock market has been in the works since at least 2022.
Żabka and Beyond: CVC’s Diverse Portfolio
CVC’s portfolio spans diverse industries and geographies, reflecting its strategic investment approach. In Poland, the company’s ownership of the Żabka network underscores its interest in retail and consumer sectors. As it ventures into public trading, CVC aims to leverage market opportunities and unlock value across its holdings.
Investors are closely watching CVC’s IPO plans, considering its extensive portfolio and market reputation. The offering not only signifies a milestone for CVC but also presents an opportunity for investors to access a diverse range of assets. As CVC prepares to debut on the Amsterdam exchange, the broader market awaits the implications of this strategic move.