Deals
Couche-Tard, Carrefour End Merger Talks, Consider Alliance
- Companies to look at cooperating on branding, fuel purchases
- Deal would have been one of the biggest purchases in France
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Canada’s Alimentation Couche-Tard Inc. and France’s Carrefour SA abandoned talks on a proposed $20 billion merger following stiff opposition from the French finance minister, and will look instead at forming a looser alliance.
The companies will now consider how to work together on fuel purchases, branding and distribution where their networks overlap, the companies said in a joint statement Saturday.