Costco closes on deal to own all of Costco-Taiwan
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Costco Wholesale Corporation (NASDAQ:COST) closed on its $1.05B purchase of a 45% minority interest in the Costco-Taiwan joint venture,
The retailer purchased the stake from joint venture partners through a local subsidiary.
The company now indirectly owns all of Costco Taiwan.
Costco (COST)Â estimates that the purchase will be approximately one to one and one-half percent accretive to earnings per share.
Costco (COST) is due to report on monthly sales late next week, but a full earnings report is not expected until the middle part of September.