ANALYSIS – Bruno Le Maire is opposed to a possible takeover of the supermarket giant by the Canadian Couche-Tard. A very bad signal sent to the economic world.
Will the weekend full of groceries seem less common now that we know that we are pushing our cart in the aisles, not of a simple hypermarket, but of a strategic site? The Carrefour group was declared Wednesday by the Minister of the Economy “Essential link in the food security and sovereignty of the French”. As such, Bruno Le Maire is opposed to a possible takeover of the supermarket giant by a foreign group. The Canadian Couche-Tard, who had just revealed his intention, is asked to repackage his copy.
In law, the position of the French government is well founded. The Pacte law passed in 2019 widened the scope of the control of foreign investments to food distribution. The Minister of the Economy therefore has a right of veto.
The rebuff inflicted on Couche-Tard is the culmination of an ongoing process of strengthening the arsenal against takeovers of French companies. Dominica
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