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Monday, April 12, 2021

The owner of Żabka – CVC Capital Partners – wants to take over Toshiba

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CVC Capital Partners – the owner of the Żabka chain of stores – wants to buy the Japanese technology giant Toshiba. The offer amounts to over $ 20 billion, Reuters reported.

Toshiba confirmed on Wednesday that it had received an offer from CVC Capital Partners. One of the company’s representatives wishing to remain anonymous said that they were offered to buy shares for PLN 5,000. yen per share, or a total of 2.28 trillion yen, or about $ 20.8 billion. (about PLN 80 billion) – we read on Bloomberg.


After information that CVC Capital Partners wants to buy a Japanese corporation, Toshiba shares jumped 18 percent. This was the highest increase since 2017 and the highest price per share in four years. In 2021, Toshiba’s share grew by 57 percent, and capitalization reached $ 19 billion. Bloomberg reported.

Toshiba’s course in 2021stooq.pl

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The purchase of Toshiba would be the second transaction in Japan by CVC Capital Partners, which also buys the cosmetics company Shiseido, we learn from Bloomberg.

In 2017, CVC Capital Partners became the owner of the Żabka chain of stores, which it acquired from Mid Europa Partners. Earlier – 2015 – the fund invested in PKP Energetyka.

Main photo source: PAP / EPA / KIMIMASA MAYAMA

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