National Post (Latest Edition)
Carrefour leads Best dealmaking start since 2001
Dealmaking in France is heating up, with potential deals involving grocer Carrefour SA and technology group Atos SE raising the prospect of a record-breaking start to the year. French companies have already agreed to more than us$7 billion of transactions in 2021, up nearly 300 per cent from a year ago. The volume has been driven by deals including Sanofi’s purchase of British biopharmaceutical developer Kymab for as much as us$1.45 billion. The year-to-date figure for French mergers and acquisitions will go through the roof if proposed deals involving Carrefour and Atos, which could total more than us$55 billion, come to pass. Quebec-based Alimentation Couche-tard Inc. is exploring a takeover of Carrefour to create a trans-atlantic retail giant.