Carrefour Denies Making Merger Proposal to Casino

By Anonymous

Pietro Lombardi and Anthony Shevlin

Carrefour SA (CA.FR) on Monday strongly denied having made a takeover approach to Casino Guichard-Perrachon SA (CO.FR) after the latter said late Sunday that its board had rejected entreaties from Carrefour “with a view to a possible combination.”

“Carrefour denies having solicited Casino and is surprised that Casino’s board of directors would have been submitted a merger proposal that does not exist,” Carrefour said in a statement.