The French government is opposed to the purchase of Carrefour by the Canadian Alimentation Couche-Tard, said the French minister of Finance, Bruno Le Maire, this Wednesday.
Speaking to the television station France 5, Le Maire considered that the pandemic crisis demonstrated the importance of domestic control over the food supply chain. “From this point of view, the idea of Carrefour being bought by a foreign rival … I am not in favor of this business”, said the minister.
Couche-Tard presented an initial offer of 20 euros per share from the French supermarket chain. But, Le Maire underlined that the foreign investment scrutiny rules passed during the pandemic allow the government to block food distribution deals. “Food sovereignty comes before everything else,” said Le Maire.
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