Pxmart Co Ltd agreed to acquire RT-Mart from Auchan Retail International S.A., Ruentex Industries Ltd. (TWSE:2915) and Ruentex Development Co.,Ltd. (TWSE:9945) on October 22, 2021. RT-Mart is to continue operating as a separate brand. This sale will be accompanied by the simultaneous sale by the Ruentex group of its own stake in RT-Mart.

As a result, 95.97% of RT-Mart will be held by the Pxmart Co Ltd. In 2020, RT-Mart generated revenue of €805 million. The transaction is subject to regulatory approval and is expected to be completed in mid-2022. The acquisition deal is expected to create synergy for PX Mart.

Jerry Chu of KPMG Advisory Services Co., Ltd.acted as financial advisor to Pxmart Co Ltd.