Carrefour (CA.FR) stock plunged more than 6.0% after the Canadian company Couche-Tard abandoned its attempted takeover of the retail giant after the French government said it would veto the deal due to the food security concerns. French politicians did not change their minds, even despite the assurances of the founder of Couche-Tard Alain Bouchard, which promised to spend billions in the development of the company, keep employment unchanged for the next two years and that the group would be listed on the Paris Stock Exchange in parallel with Canada, Bloomberg reported. "Food security is a strategic consideration for our country and one does not just hand over one of the large French distributors like that," France's Economy Minister Bruno Le Maire said.
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