Costco (COST) Acquires Minority Interest in Costco-Taiwan

Costco Wholesale Corporation (“Costco” or the “Company”) has completed a purchase for $1.05 billion by a wholly-owned subsidiary of the 45% minority interest in Costco-Taiwan, a joint venture, from our long-time joint venture partners. The Company now indirectly owns all of Costco Taiwan. We estimate that the purchase will be approximately one to one and one-half percent accretive to earnings per share.

Costco currently operates 833 warehouses, including 574 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the United Kingdom, 16 in Korea, 14 in Taiwan, 13 in Australia, four in Spain, two each in France and China, and one in Iceland. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.

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