Couche Tard has a pretty big business in Europe, no--Scandinavia, etc.?And so it ends: Exclusive: Canada's Couche-Tard drops US$20 billion Carrefour takeover plan - source
"Food security is strategic for our country so that's why we don't sell a big French retailer. My answer is extremely clear: we are not in favour of the deal. The no is polite but it's a clear and final no," Finance Minister Bruno Le Maire said.
Now, if it were only a matter of Couche Tard only interested in the convenience stores, and spun off the supermarket side, do you think they could have worked out a deal? It would be more in-line with their business model and probably get a toehold in Europe.
With antics like this, I wonder if we should require French firms to divest all their assets in Canada. Alstom bought Bombardier's rail business.