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MONTREAL (Reuters) - Alimentation Couche-Tard would revive its $20 billion bid for France’s Carrefour if the Canadian convenience store operator saw a change in the French government’s stance on the proposed deal, its chief executive said on Monday.
FILE PHOTO: The logo of French retailer Carrefour on shopping trolleys in Sao Paulo, Brazil, July 18, 2017. REUTERS/Paulo Whitaker/
Couche-Tard dropped its surprise bid for the European retailer over the weekend after the plan ran into opposition from the French government. Some French politicians said the issue was a matter of national food safety.
“We’d love to do the transaction .. if we got signals that the environment could change or would change from the French government or other key stakeholders,” Brian Hannasch told an analyst call.
Dutch paints and coatings maker Akzo Nobel locked horns with U.S. rival PPG Industries again on Monday, making a $1.7 billion counterbid for Finland's Tikkurila.
London's FTSE 100 slipped on Monday, weighed down by falls in energy and travel stocks, while tighter restrictions on businesses led to concerns about the near-term impact on the economy.
London's FTSE 100 slipped on Monday, weighed down by falls in energy and travel stocks, while tighter restrictions on businesses led to concerns about the near-term impact on the economy.
Shares in Thyssenkrupp rose on Monday as traders pointed to a Bloomberg report which said that the group was considering a spin-off of its steel business, citing people familiar with the matter.