Uni-President completed the acquisition of a 60% stake in Carrefour Taiwan for $1.22bn.

Uni-President, a food conglomerate, completed the acquisition of a 60% stake in Carrefour Taiwan, an operator of supermarkets, hypermarkets, cash and carries stores, and e-commerce websites, for $1.22bn. The acquisition was approved by the boards of Uni-President Enterprises. The transaction is expected to be completed in mid-2023 should the deal gain the blessing of the FTC. Carrefour's 68 hypermarket stores, 272 supermarkets, and 129 Carrefour-owned stores will come under full ownership of the Uni-President Group, which will also retain the Carrefour brand rights in Taiwan.