Deals
Carrefour Deal Set to Rank as Biggest Foreign Takeover in France
- Takeover of French grocer could surpass size of Holcim-Lafarge
- Couche-Tard among brave few to attempt large transactions
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Alimentation Couche-Tard Inc.’s potential purchase of supermarket operator Carrefour SA could rank as the biggest-ever foreign takeover of a French company.
The owner of Circle K made an initial proposal valuing Carrefour at about $20 billion, people with knowledge of the matter said. After adding in the grocer’s net debt, the deal is set to surpass Swiss cement maker Holcim Ltd.’s acquisition of French rival Lafarge SA, which had an enterprise value of about $35 billion, according to data compiled by Bloomberg.