Advertisement
UK markets open in 42 minutes

  • NIKKEI 225

    37,923.12
    +294.64 (+0.78%)
     

  • HANG SENG

    17,733.11
    +448.57 (+2.60%)
     

  • CRUDE OIL

    84.02
    +0.45 (+0.54%)
     

  • GOLD FUTURES

    2,351.00
    +8.50 (+0.36%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • Bitcoin GBP

    51,522.12
    +143.81 (+0.28%)
     

  • CMC Crypto 200

    1,393.27
    -3.26 (-0.23%)
     

  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Exclusive: Canada's Couche-Tard drops Carrefour takeover plan - source

Pamela Barbaglia
·1-min read
FILE PHOTO: Carrefour Hypermarket store in France

By Pamela Barbaglia

LONDON (Reuters) - Canada's Alimentation Couche-Tard has dropped its bid to acquire European retailer Carrefour SA after its takeover proposal ran into stiff opposition from the French government, a source familiar with the matter told Reuters on Friday.

The decision to end merger talks came after a meeting on Friday between French Finance Minister Bruno Le Maire and Couche-Tard's founder and chairman, Alain Bouchard, the source said, speaking on condition of anonymity as the matter is confidential.

Both Couche-Tard and Carrefour declined to comment.

(Reporting by Pamela Barbaglia in London; additional reporting by Gwenaelle Barzic in Paris and Allison Lampert in Montreal; Editing by Leslie Adler)