France moves to block Carrefour takeover by Canada's Couche-Tard

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French economy and finance minister Bruno le Maire hinted on Wednesday that his government would block the proposed takeover by Canadian group Couche-Tard of France's supermarket chain Carrefour, the country's largest private sector employer, citing its required approval of such moves concerning strategic sectors.

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France’s government says it opposes the proposed 16.2 billion-euro ($19.6 billion) takeover of French supermarket chain Carrefour by Canadian convenience store group Couche-Tard, reports The Associated Press.