Taipei, July 21 (CNA) Uni-President Group's acquisition of Carrefour Taiwan will not hurt consumers' interests, as some people fear, but rather will result in lower prices, driven by more intense competition among the major supermarket chains in the country, academics said Thursday.
A deal for Taiwanese supermarket chain operator PX Mart Co Ltd (全聯實業) to acquire RT-Mart International Ltd (大潤發) could pose significant challenges for Carrefour Taiwan (家樂福), as the acquisition would help PX Mart extend its reach to the hypermarket business, according to a research economist.
“The acquisition deal is expected to boost competition in Taiwan’s hypermarket sector,” Commerce Development Research Institute deputy director-general Li Shyh-jane (李世珍) said. “It is possible that Carrefour might get nervous.”
On Friday night, PX Mart surprised the local retail industry by announcing the deal, which is expected to be completed in the middle of next year.
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Taipei, Oct. 23 (CNA) A deal for Taiwanese supermarket chain PX Mart to acquire hypermarket operator RT-Mart could pose big challenges for Carrefour as the acquisition will help PX Mart extend its reach to the hypermarket business, according to an economist.