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France bars Carrefour bid as Canadians scramble to salvage $20 billion deal

France ruled out a possible $20 billion takeover of Carrefour by Alimentation Couche-Tard on food security grounds on Friday, prompting the Canadian firm and its allies to mounted a last-ditch. | January 15, 2021 ....

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France vetos $20 billion Canadian Carrefour offer with 'clear and final no'

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LONDON/PARIS (Reuters) - Canada’s Alimentation Couche-Tard has dropped its 16.2 billion euro ($19.6 billion) bid to acquire European retailer Carrefour SA after the takeover plan ran into stiff opposition from the French government, two sources familiar with the matter told Reuters on Friday.
A customer empties his trolley in front of a Carrefour Hypermarket store in Saint-Herblain near Nantes, France January 15, 2021. REUTERS/Stephane Mahe
The decision to end merger talks came after a meeting on Friday between French Finance Minister Bruno Le Maire and Couche-Tard’s founder and chairman, Alain Bouchard, the sources said, speaking on condition of anonymity as the matter is confidential. ....

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UPDATE 3-France bars Carrefour bid as Canadians scramble to salvage $20 bln deal

(Updates with new developments) By Michel Rose, Gwénaëlle Barzic and Allison Lampert PARIS/MONTREAL, Jan 15 (Reuters) - France ruled out a possible $2. ....

Poitou Charentes , France General , City Of , United Kingdom , David Ljunggren , Pamela Barbaglia , Alexander Smith , Christian Lowe , Pascal Dupeyrat , Michel Rose , Justin Trudeau , Pierre Fitzgibbon , Dominique Vidalon , Olivier Marleix , Bruno Le Maire , Benoit Van Overstraeten , Sarah White , Le Maire , Gwenaelle Barzic , Alain Bouchard , Elizabeth Pineau , Les Republicains , Allison Lampert , Bombardier Inc , Alimentation Couche Tard , French President Emmanuel Macron ,