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Couche-Tard said to explore purchase of France's Carrefour SA


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European retail giant Carrefour has received a surprise 16.2 billion euros (US$19.72 billion) takeover approach from Canadian convenience-store operator Alimentation Couche-Tard, sending its shares soaring on Wednesday.
Couche-Tard said it had submitted a non-binding offer for the French grocery group at 20 euros per share, largely in cash, though it gave no further detail on its vision for the combined companies.
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Couche-Tard said to explore purchase of France s Carrefour SA Back to video
Facing growing competition from online rivals such as Amazon, European supermarket operators are viewed as ripe for tie-ups, though Couche-Tard’s approach raised analyst questions over the the potential for cost cuts or purchasing savings. ....

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Circle K owner Couche-Tard says in initial talks to buy France's Carrefour


Circle K owner Couche-Tard says in initial talks to buy France s Carrefour
Logo of the French supermarket chain Carrefour in Montpellier, southwestern France
(AFP)Premium
. Updated: 13 Jan 2021, 02:33 PM IST Bloomberg
Couche-Tard’s focus has been convenience stores and gas stations, not supermarkets. It has built an empire by methodically acquiring smaller rivals, first at home in Canada before entering the US in 2001 and Europe in 2012
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Alimentation Couche-Tard Inc., the convenience-store giant that owns the Circle K chain, said it’s exploring a transaction with French grocer Carrefour SA, a deal that would represent a major strategy shift for the Canadian firm. ....

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