Canada’s Couche-Tard drops $20 billion Carrefour takeover plan, after opposition from France govt.

Posted January 17th, 2021 by Brahm Canzer & filed under Company Analysis, Governments & Regulators, Growth & Valuation, Personal Finance.

Description: LONDON/PARIS — Canada’s Alimentation Couche-Tard has dropped its 16.2 billion euro ($19.6 billion) bid to acquire European retailer Carrefour SA after the takeover plan ran into stiff opposition from the French government, two sources familiar with the matter told Reuters on Friday.

Source: FinancialPost.com

Date: Jan 16, 2021

Link: https://financialpost.com/news/canadas-couche-tard-drops-20-billion-carrefour-takeover-plan-after-opposition-from-france-govt

Questions for discussion:

What are the implications of the failure of this deal and the interference of the French government?
How should investors view the attitude of the French government toward business activities?