Couche-Tard and Carrefour seek cooperation after takeover scrapped - BFM TV


Reuters | Paris | Updated: 17-01-2021 00:10 IST | Created: 17-01-2021 00:02 IST
Couche-Tard and Carrefour seek cooperation after takeover scrapped - BFM TV
Citing information acquired after a meeting of Carrefour's board of directors on Saturday, the TV channel said the two companies had decided to work together on the basis of "industrial cooperations". Image Credit: Wikimedia
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Canada's Alimentation Couche-Tard and French retailer Carrefour SA plan to discuss industrial and operational partnerships, BFM TV reported on Saturday, after the firms this week dropped takeover talks.

Citing information acquired after a meeting of Carrefour's board of directors on Saturday, the TV channel said the two companies had decided to work together on the basis of "industrial cooperations".

It said this might enable them to bypass a French government veto that ended Couche-Tard's planned 16.2 billion euro ($19.6 billion) takeover.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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