"Bidders line up for Turkish store chain
By Martin Arnold and Lina Saigol in London
Published: 6/1/2008 | Last Updated: 6/1/2008 20:45 London Time
Migros Turk, the biggest supermarket group in Turkey, is this week set to receive takeover bids worth about $4bn from Carrefour of France, Agrokor of Croatia and four private equity firms.
Turkey's Koc group is selling a 51 per cent stake in Migros in what would be one of the biggest acquisitions of a listed Turkish company. The sale will also provide a test of whether private equity can still compete with trade buyers in the wake of the credit squeeze."
More:Euro2day :: Bidders line up for Turkish store chain