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Thursday, February 14, 2008

BC Partners to acquire Istanbul-listed supermarket chain Migros

"BC Partners to acquire Istanbul-listed supermarket chain Migros
14/02/2008. Source: AltAssets.

BC Partners, alongside minority investors including Turkven Private Equity and DeA Capital, has agreed to acquire 50.8 per cent of Turkish supermarket chain Migros Türk from Koç Holding at a price of YTL21.85 per share, representing a market capitalisation of YTL3.9bn ($3.25bn). As part of the deal, Bülend Özaydinli, former CEO of Koç Holding and Migros, will become chairman of the group."

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