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    CA   FR0000120172

CARREFOUR

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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

France extends controls on foreign parties' stakes in key French firms by one year

11/29/2021 | 07:58am EST

PARIS, Nov 29 (Reuters) - France will extend by one year existing measures to control foreign parties' investments in key French companies, to protect companies deemed as strategically important for the country, said the French finance ministry.

The French finance ministry added that biotechnology companies were privy to this rule, which applies to foreign firms which build up a stake of 10% in key French companies.

In January, France took a tough line against any takeover of retailer Carrefour by a foreign company, dealing a major blow to a near $20 billion bid approach by Canada's Alimentation Couche-Tard.

The French government had also spoken out in 2005 to protect French big business amid rumors that Danone might receive a takeover bid from PepsiCo Inc.

The country has since tightened takeover rules to protect French companies deemed strategic, including under the presidency of Emmanuel Macron.

During the COVID pandemic, Macron has ramped up calls to protect French sovereignty in areas such as health care and industry. (Reporting by Myriam Rivet; Editing by Matthieu Protard/Sudip Kar-Gupta)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CARREFOUR 1.10% 17.86 Real-time Quote.9.69%
DANONE 0.19% 57.98 Real-time Quote.6.01%
PEPSICO, INC. 0.84% 175.64 Delayed Quote.1.11%
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Analyst Recommendations on CARREFOUR
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Financials
Sales 2021 72 326 M 82 517 M 82 517 M
Net income 2021 1 060 M 1 210 M 1 210 M
Net Debt 2021 7 683 M 8 766 M 8 766 M
P/E ratio 2021 12,9x
Yield 2021 3,10%
Capitalization 13 689 M 15 616 M 15 617 M
EV / Sales 2021 0,30x
EV / Sales 2022 0,28x
Nbr of Employees 255 952
Free-Float -
Chart CARREFOUR
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Carrefour Technical Analysis Chart | CA | FR0000120172 | MarketScreener
Technical analysis trends CARREFOUR
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 17,67 €
Average target price 19,54 €
Spread / Average Target 10,6%
EPS Revisions
Managers and Directors
Alexandre Bompard Chairman & Chief Executive Officer
Matthieu Malige Chief Financial Officer
Miguel ┴ngel Gonzßlez Gisbert Global Chief Technology Officer
Charles Edelstenne Independent Director
Mathilde Lemoine Independent Director
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