Shares of Carrefour fell 7% on Monday, after Alimentation Couche-Tard in Canada ended its short-term takeover bid to buy the French supermarket giant.
CA Carrefour,
shares traded at the same level as before Couche-Tard announced its interest. Couche-Tard ATD.B,
he ended the pursuit after French finance minister Bruno Le Maire expressed his objections on grounds of “food sovereignty”.
Both companies said they will try to share best practices in terms of fuel, tank purchase volumes, and partner on private labels.
Suez’s SEV,
shares rose 3% to € 17.41, after the waste and water management company proposed an offer of € 18 per share, or € 11.3 billion, from private opportunity investors Ardian and Global Infrastructure Partners. Rival Veolia Environnement VIE,
nearly a third of Suez, which they are trying to buy, said they would not sell the Suez share.
Wider markets traded in a narrow bond with the U.S. closing according to Martin Luther King Jr. Day. Attention was raised to the incoming Biden administration.
Finance secretary Janet Yellen’s candidate says the U.S. will not back down from a weaker dollar, according to The Wall Street Journal, and one of President Joe Biden’s actions is to end the line- Keystone XL oil pipelines, according to Canadian broadcaster CBC.
Down 0.8% last week, the Stoxx Europe 600 SXXP,
slipped 0.1%.
US stock futures ES00,
which continues trading electronically, slipped 0.2%.
The euro EURUSD,
weakened by 0.1% to $ 1.2070.