Pandora A/S (CPSE:PNDORA) entered into an an agreement to acquire PANDORA store network in Taiwan from Carrera Corporation for approximately HKD 120 million on August 29, 2018. The consideration will be paid in cash. The PANDORA store network in Taiwan reported revenues of HKD 240 million in 2017. The transaction is subject to the fulfillment of certain conditions and is expected to complete on January 1, 2019. Pandora A/S (CPSE:PNDORA) completed the acquisition of PANDORA store network in Taiwan from Carrera Corporation on January 1, 2019.