Unemployment in France increased by 7 5% in 2020 euractiv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euractiv.com Daily Mail and Mail on Sunday newspapers.
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PARIS/MONTREAL (Reuters) - France on Thursday took a tough line against any takeover of retailer Carrefour by a foreign company, dealing a major blow to a near $20 billion bid approach by Canada’s Alimentation Couche-Tard.
French Finance Minister Bruno Le Maire told Reuters that the government wanted to preserve the country’s food security and sovereignty.
“Having Carrefour being bought by a foreign company would be a major difficulty for all of us,” Le Maire said in an interview at the Reuters Next conference.
“Food security is at the core of the strategic challenges of all developed nations”, he said.
France opposes foreign takeover offer for supermarket chain lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.
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On the rise
Aphria Inc. (APHA-T) soared after it posted a quarterly adjusted profit on Thursday compared to year-ago loss, as demand for cannabis and related products surged during the cornavirus-induced lockdowns.
The results come on the heels of Democrats securing control of the U.S. Senate, which paves the way for Congress to potentially approve legislation that would repeal the nearly century-long federal prohibition on cannabis.
Alimentation Couche-Tard’s near $20 billion takeover approach for Carrefour prompted the French government to raise concerns about national food sovereignty and job security