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France opposes $20-billion takeover of supermarket chain Carrefour

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France’s government says it opposes the proposed 16.2 billion-euro ($19.6 billion) takeover of French supermarket chain 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 5 on Wednesday.


is Europe’s biggest retailer and the biggest private employer in France, with over 105,000 employees in the country.

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