Carrefour to leave Taiwan after all? 

The Carrefour distribution group has signed an agreement to divest its Taiwan business to Uni-President, its “long-standing partner and co-shareholder” on the Asian island, he announced Tuesday.

This 60% sale of Carrefour Taiwan, which is to be “effective by mid-2023”, values the entity “on the basis of a business value of 2.0 billion euros”, the group said in a statement. Carrefour reported that it had a duty-free turnover of EUR 2.5 billion in Taiwan in 2021.