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Carrefour staff worried about Couche-Tard approach, union says

Published 2021-01-15, 02:15 a/m
Updated 2021-01-15, 02:18 a/m
© Reuters.

PARIS, Jan 15 (Reuters) - A takeover approach for Carrefour CARR.PA by Canada's Alimentation Couche-Tard ATDb.TO is raising concerns over jobs and the future management of the French retailer among staff, a Carrefour CFDT union representative said on Friday.

"Staff is surprised and a bit worried," Sylvain Mace told BFM Business radio.

Asked about French Finance Minister Bruno Le Maire's opposition to the approach, Mace said: "If it is to protect jobs, it is a positive signal. Now it remains to be seen if the government has leeway."

Couche-Tard made a non-binding offer of 20 euros per share on Wednesday largely in cash which valued Carrefour at 16.2 billion euros.

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