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Carrefour Eyes Sale of Taiwanese Business

The business is valued at approximately $1.9 billion

Published

3 years ago

August 11, 2021

Carrefour Eyes Sale of Taiwanese Business — Courtesy of Carrefour

French hypermarket retailer Carrefour (Massy, France) is planning to sell its Taiwan business, valued at about $1.9 billion, reports Reuters. Morgan Stanley will supervise the sale, which is expected to be announced this fall.

Carrefour has reported approached various potential buyers, including private equity, to get a sense of interest. In June, the retailer said it was considering consolidation, divestitures or partnerships. It reported approximately $1.5 billion in net sales in Taiwan in the first half of 2021, up 13 percent year over year.

Related Topics:carrefour hypermarket supermarket taiwan

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