Advertisement
Singapore markets close in 4 hours 22 minutes

  • Straits Times Index

    3,283.29
    -9.84 (-0.30%)
     

  • Nikkei

    37,684.80
    -775.28 (-2.02%)
     

  • Hang Seng

    17,295.93
    +94.66 (+0.55%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,275.56
    -2,415.15 (-3.62%)
     

  • CMC Crypto 200

    1,385.88
    -38.22 (-2.68%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,324.10
    -14.30 (-0.61%)
     

  • Crude Oil

    82.90
    +0.09 (+0.11%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,570.05
    -1.43 (-0.09%)
     

  • Jakarta Composite Index

    7,150.54
    -23.99 (-0.33%)
     

  • PSE Index

    6,580.26
    +7.51 (+0.11%)
     

France's Carrefour buys 224 convenience stores in Taiwan

Reuters SG

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)