 "France opposes $20-billion takeover of supermarket chain Carrefour")
France’s government says it opposes the proposed 16.2 billion-euro ($19.6 billion) takeover of French supermarket chain Carrefour by Canadian convenience store group Couche-Tard.
Labor Minister Elisabeth Borne said Thursday on radio Europe 1 that she is “opposed to a takeover.” That follows similar comments by Finance Minister Bruno Le Maire who explained that the country's “food sovereignty” is at stake.
“I’m not in favour of such a deal,” Le Maire said on television channel France 5 on Wednesday.
Carrefour is Europe’s biggest retailer and the biggest private employer in France, with over 105,000 employees in the country.
Labor Minister Elisabeth Borne said Thursday on radio Europe 1 that she is “opposed to a takeover.” That follows similar comments by Finance Minister Bruno Le Maire who explained that the country's “food sovereignty” is at stake.
“I’m not in favour of such a deal,” Le Maire said on television channel France 5 on Wednesday.
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