'A clear and final no': French minister opposes $20 billion Canadian offer for Carrefour
PARIS (Reuters) - Finance Minister Bruno Le Maire expressed France’s stiff opposition to a possible near-$20 billion takeover of Carrefour by Canada’s Alimentation Couche-Tard on Friday, driving the French retailer’s shares down by 4.5%.
“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.