Alimentation Couche-Tard Inc. (TSX:ATD.B) made a non-binding offer to acquire Carrefour SA (ENXTPA:CA) for €16.4 billion on January 13, 2021. Under the terms offer per share will be €20 per Carrefour share. The consideration is currently expected to be in cash in large majority. The terms of the transaction are under discussion and remain subject to due diligence.

Alimentation Couche-Tard Inc. (TSX:ATD.B) cancelled the acquisition of Carrefour SA (ENXTPA:CA) on January 16, 2021. The transaction was terminated because French Government opposed the transaction citing food security concerns. Compagnie Financière Lazard Frères SAS acted as financial advisor to Carrefour SA, whereas Rothschild & Co SCA acted as financial advisor to Alimentation Couche-Tard Inc.