France’s finance minister has come out against a proposed €16.2bn takeover of supermarket chain Carrefour by Canadian convenience store group Alimentation Couche-Tard, saying it would put the country’s “food sovereignty” at risk.
The intervention by Bruno Le Maire, which came only a day after talks between the two companies were revealed, are certain to complicate matters for the Quebec-based company best known for its Circle K stores and petrol stations.
“Carrefour is the biggest private employer in France and a key link in the chain that ensures the food security of the French people,” said Mr Le Maire in a television interview on Wednesday night.
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