Friday , January 15 2021

Couche-Tard ready to pay $ 25 billion for French giant Carrefour

Paris | Couche-Tard submitted to the French giant Carrefour “a non-binding letter of intent with a view to a friendly reconciliation”, on the basis of a price of 20 euros per share (more than 30 Canadian dollars) which would value the distributor French to more than 16 billion euros excluding debt (nearly 25 billion Canadian dollars), according to a press release Wednesday.

“There is no certainty” that these discussions “will lead to an agreement or an operation,” said Couche-Tard in its press release. In an internal communication to the Carrefour group, which AFP was able to consult on Wednesday, the French distributor indicates that it “will examine the project submitted to it by Alimentation Couche-Tard”.

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