Couche-Tard’s bid for Carrefour gets ‘a clear and final no’
Finance Minister Bruno Le Maire expressed France’s stiff opposition to a possible near-US$20 billion (C$25 billion) takeover of Carrefour by Canada’s Alimentation Couche-Tard on Friday, driving the French retailer’s shares down by 4.5 per cent.“Food security is strategic for our country so that’s why we don’t sell a big French retailer,” Le Maire told BFM TV. “My answer is extremely clear: we are not in favour of the deal. The no is polite but it’s a clear and final no,” he said. Carrefour, which acknowledged Couche-Tard’s approach to discuss a combination on Wednesday, Read More