If the government remains firmly opposed to the takeover of Carrefour by Couche-Tard, the Canadian will have very little means of getting around such an obstacle.
In recent years, the State has equipped itself with powerful legal tools which enable it to oppose the foreign takeover of a French company belonging to a strategic sector.
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The State opposes a takeover of Carrefour by the Canadian Couche-Tard
Since the first decree establishing control over foreign investment, the scope of sectors deemed strategic has continued to expand ... until in 2019 it affected the food distribution sector to which Carrefour belongs.
The takeover of Leader Price by the German Aldi, finalized at the end of 2020, was not the subject of a file with the Treasury Department.
"
The size of Leader Price is insufficient for this operation to have a strategic character for France
," explains the Casino group.
But there is little doubt that the takeover of Carrefour, France's leading private employer, falls into the hands of management
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