Get 40% Off
😲 Missed the +20.8% surge in our stock strategy last month? Not again! Get premium insightsGet 40% Off

European stocks slip as Carrefour abandons takeover talks

Published 18/01/2021, 09:23
Updated 18/01/2021, 09:24
© Reuters.

© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Jan 18 (Reuters) - European stocks slipped on Monday as
French retailer Carrefour tumbled after ending 16.2 billion euro
($19.57 billion) merger talks with Alimentation Couche-Tard,
with worries about a slow economic recovery keeping investors on
edge.
The pan-European STOXX 600 index .STOXX slipped 0.2% by
0810 GMT, extending losses from Friday when the benchmark index
snapped a four weeks of gains.
A better-than-expected quarterly rebound for China's economy
failed to excite investors who feared that soaring COVID-19
cases and tight restrictions in continent could dent growth in
the first quarter. Carrefour CARR.PA fell 5.9% in early deals after its
takeover talks with Canada's Alimentation Couche-Tard ATDb.TO
failed and the two sides decided to work on partnership
opportunities. The stock had shed nearly a third of its gains after the
French government opposed the deal last week.
Shares in carmaker Stellantis STLA.PA STLA.MI rose
almost 3% in its first day of trading in the Paris stock market
on the completion of merger between Fiat Chrysler and PSA.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.