National Post (Latest Edition)

Carrefour leads Best dealmaking start since 2001

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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.

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