How Couche-Tard’s ambitious bid for France’s Carrefour was cut down

Paris/Toronto | Every January at the glittering Palace of Versailles, President Emmanuel Macron hosts a conference called “Choose France” to convince the heads of big multinationals that there is no better country to invest in.

Yet when one of Canada’s biggest companies, Alimentation Couche-Tard, made such a choice last week with a €16.2 billion ($25.4 billion) bid for French supermarket chain Carrefour, the government moved decisively to extinguish the chance of a deal.

Financial Times