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France shields Carrefour from takeover in food security battle

1 month ago   |   By Politico

Paris is ready to use its new investment screening powers in the name of food security to make sure that Carrefour will stay French.
With a defiant display of economic patriotism , France's Economy Minister Bruno Le Maire made clear on Friday that the government will stop Canada's Alimentation Couche-Tard from taking over retail giant Carrefour.
“This health crisis has taught us one thing - food security has no price,” Le Maire said in a radio interview with the RMC network, making clear that Paris is “not in favor of this deal” and would use its investment screening mechanism to block it...
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