for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

France's Carrefour buys 224 convenience stores in Taiwan

PARIS, June 2 (Reuters) - French retailer Carrefour said on Tuesday it had agreed to buy Wellcome Taiwan from Dairy Farm, as it further expands its footprint in Taiwan and in the fast-growing convenience stores format.

The transaction, with an enteprise value of 97 million euros ($108.00 million), covers the purchase of 224 proximity stores in quality locations as well as a warehouse, the statement said.

Wellcome Taiwan posted net sales around 390 million euros in 2019.

$1 = 0.8981 euros Reporting by Dominique Vidalon; Editing by Kim Coghill

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up