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France 24
France 24
Business

French ministers oppose potential takeover of retailer Carrefour

BUSINESS DAILY © FRANCE 24

Two French government ministers have announced their opposition to a potential takeover of the country's biggest supermarket chain Carrefour by the Canadian group Couche-Tard. The two companies announced they were in preliminary talks on a deal earlier this week. France's Finance Minister Bruno Le Maire said a takeover was an issue of "food sovereignty". His ministry would need to approve any deal affecting the food distribution sector. Also today, how carmakers are trying to cut the cost of electric vehicles for consumers.

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