Turkish Stocks: Carrefour Sabanci, Tesco Kipa Move in Istanbul
By Benjamin Harvey - Feb 28, 2012 4:30 AM ET
Turkey’s benchmark ISE National 100 Index rose 1.2 percent to 59,543.81 at 10:39 a.m. in Istanbul after a 1.5 percent fall yesterday.
The following stocks are active. Stock symbols are in parentheses.
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CARFA) , the grocery store chain owned by France’s Carrefour SA (CA) and Haci Omer Sabanci Holding AS (SAHOL), surged 8.9 percent to 16.50 liras, its highest in almost seven months, after Vatan newspaper reported U.K.-based retailer Tesco Plc. (TSCO) was interested in buying the company. No decision has yet been made regarding Sabanci’s shares in CarrefourSA and the company continues to study strategic options, according to a statement made by Sabanci to the Istanbul Stock Exchange today. Sabanci shares increased 1.4 percent to 7.36 liras.
More:Turkish Stocks: Carrefour Sabanci, Tesco Kipa Move in Istanbul - Bloomberg