French Labour Minister says against Carrefour takeover

14 Jan 2021 / 15:42 H.

    PARIS, Jan 14 (Reuters) - Labour Minister Elisabeth Borne said on Thursday she was against a takeover of French retailer Carrefour by Canadian convenience-store operator Alimentation Couche-Tard.

    "I am in favour of not questioning Carrefour's current shareholding structure and allowing (the company) to pursue its strategy, so (I am) opposed to a takeover," Borne told Europe 1 radio.

    Alimentation Couche-Tard's near $20 billion takeover approach for Carrefour - continental Europe's largest retailer - ran into early opposition on Wednesday, with the French government raising concerns about food sovereignty and job security at one of the country's largest employers.

    (Reporting by Matthieu Protard; editing by John Stonestreet)

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