Carrefour is expanding its presence in Taiwan, just as it pulls out of China. The French retailer announced an agreement to acquire Wellcome Taiwan, consolidating its position as the leading multi-format food retailer in Taiwan. As part of the agreement, Carrefour will acquire 224 proximity stores in quality locations (199 Wellcome - average sales area of 420 sq. m - and 25 Jasons - average sales area of 820 sq. m) as well as a warehouse (including ownership of the real estate and land).
Carrefour expands Taiwan network with takeover
Ahold Delhaize announces U.S. brand Food Lion has agreed to acquire 62 stores from Southeastern Grocers
LCL continues expansion in Netherlands market
T&G Global to take over Freshmax’s produce division
One of New Zealand's largest fresh produce companies, T&G Global has signed an agreement to purchase the domestic fresh produce division of Freshmax NZ. T&G Global CEO Gareth Edgecombe said that the deal, costing US$20 million, will strengthen the firm’s New Zealand business, deliver better service to growers and customers, provide a platform for an enhanced supply chain and supply the highest quality fresh produce to customers year-round.
DSV acquires Panalpina to become world’s 4th largest freight firm
Danish logistics company DSV is to take over the Swiss company Panalpina for US$4.6 billion in a bid to consolidate its position in the transport sector. According to Reuters, DSV is seeking to broaden his company’s global reach and cut costs. With the addition of Panalpina, DSV will become the world’s fourth-largest freight-forwarding company, behind DHL Logistics, Kuehne & Nagel and DB Schenker. DSV expects to be able to integrate Panalpina within two to three years and is confident that the takeover will be approved by the competition watchdog.
European Commission postpones ruling on Total Produce acquisition of Dole
The European Commission is to delay until July 30th its ruling on Total Produce's €260m acquisition of a stake in Dole. The move comes after the Total Produce agreed to a number of concessions. The changes are believed to be minor. The EU’s competition watchdog had previously set July 16th as the initial deadline.