CARREFOUR: Joint Annoucement Between Alimentation Couche-Tard and Carrefour
Regulatory News:
Preliminary discussions around a transaction, mindful of all stakeholders, had been initiated between Carrefour SA (« Carrefour ») (Paris:CA) and Alimentation Couche-Tard Inc. (« Couche-Tard ») (TSX: ATD.A) (TSX: ATD.B) following a friendly approach from the latter. In light of recent events, these are no longer continuing.
Carrefour and Couche-Tard, however, have decided to extend their discussions to examine opportunities for operational partnerships. Among the preliminary areas of cooperation to be explored are sharing best practices on fuel, pooling purchasing volumes, partnering on private labels, improving the customer journey through innovation, and evaluating ways of optimizing product distribution in the overlapping networks.
France ruled out a possible $20 billion takeover of Carrefour by Alimentation Couche-Tard on food security grounds on Friday, prompting the Canadian firm and its allies to mounted a last-ditch. | January 15, 2021
Finance Minister Bruno Le Maire expressed France’s stiff opposition to a possible near-$20 billion takeover of Carrefour by Canada’s Alimentation Couche-Tard
EVRY (dpa-AFX) - Carrefour (CRERF.PK, CRRFY.PK, 0NPH.L) issued a statement confirming an approach, in a friendly manner, by the Alimentation Couche-Tard group, with a combination project. The
EVRY (dpa-AFX) - Alimentation Couche-Tard Inc. (ANCUF.PK, ATD B.TO, ATD A.TO) confirmed Wednesday that it has recently submitted a non-binding offer letter to Carrefour SA (CRERF.PK, CRRFY.PK