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a clear and final no from French Finance Minister Bruno Lemaire as he continued on Friday to express France's stiff opposition to a near $20 billion takeover of Car four by Canada's Alley Montasser.
On Custard, Lemaire told Bfmtv that food security is strategic for our country, so that's why we don't sell a big French retailer, adding that the no is polite, but it's a clear and final know That helped send the French retailers shares tumbling over 4% though careful, which acknowledged the approach to discuss a combination on Wednesday, had no immediate comment on Friday.
Convenience store operator co stars €20 per share offer has raised political considerations.
Car four is France's biggest private sector employer on Continental, Europe's largest retailer.
Speaking to Reuters on Thursday, Lemaire spoke of his concerns over selling it.
I think that a whore is a very strong company and a fully trust Gafoor Thio improve its model and to develop a new distribution model.