France's Carrefour expands in convenience stores in Taiwan
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PARIS (Reuters) - French retailer Carrefour said on Tuesday it had agreed to buy food retailer Wellcome Taiwan from Asia's Dairy Farm , making it the number two player in Taiwan's convenience stores market.The transaction, with an enterprise value of 97 million euros ($108.00 million), covers the purchase of 224 stores as well as a warehouse and is expected to close by the end of the year, the statement said.Wellcome Taiwan posted net sales of around 390 million euros in 2019.Carrefour, which..