"Wal-Mart negotiates with Koc of Turkey
Posted on Thursday, December 30, 2004
Koc Holding AS, Turkey�s biggest diversified company, said it has held talks with Wal-Mart Stores Inc. over the Turkish group�s retail unit Migros Turk TAS.
Koc confirmed the negotiations in a statement Wednesday to the Istanbul Stock Exchange, without providing further details. Shares in Koc and Migros Turk had been suspended pending statements from the companies after Anka news agency reported talks about unspecified 'cooperation' between Migros and Wal-Mart, citing Rahmi Koc, the group�s honorary chairman. "
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