Carrefour announced Tuesday an agreement with Dairy Farm to acquire Wellcome Taiwan, an operation that allows it to get hold of 224 convenience stores in Taiwan.
The enterprise value of the operation is 97 million euros, Carrefour said in a press release. Wellcome Taiwan achieved net sales of around 390 million euros in 2019.
Carrefour, which already manages 137 stores in Taiwan, including 69 convenience stores, will thus become the number two local in the proximity format, which is growing rapidly.
