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Canada

CA : Alimentation Couche-Tard Inc. - ATD.B | Follow Up Commentary – Couche Tard Ends Carrefour Bid

    Contributors
    Mitch Ingles
    Alessandra Jimenez
    CGS-CIMB
    19 January 2021
    Published byCGS-CIMB

    We reaffirm our Strong Buy rating on Couche-Tard following the company’s announcement that it is no longer pursing an acquisition of Carrefour.All-in, we are encouraged that management has elected to look for opportunities for “operational partnerships” with Carrefour, versus an all-out acquisition