BNN BBG: Couche-Tard said to explore purchase of Carrefour

BNN BLOOMBERG reports:

Alimentation Couche-Tard Inc., the Canadian convenience-store giant that owns the Circle K chain, is exploring a potential acquisition of French grocer Carrefour SA, people with knowledge of the matter said.

Couche-Tard has made an initial approach to Carrefour to discuss a combination, according to the people, who asked not to be identified because the information is private. There’s no certainty the deliberations will lead to a transaction, the people said.

Shares of Carrefour have risen 10% in Paris trading this ...