2/15/2008

Migros Turk agrees $3.2 bln buyout by BC Partners

MarketWatch - Turkey's largest supermarket chain, agreed to be acquired for about $3.2 billion by the London investment firm BC Partners, Bloomberg News reported. BC Partners agreed to buy 51% of Migros Turk for 21.85 liras a share, or 1.98 billion liras ($1.7 billion), from Koc Holding AS, Bloomberg reported. And BC said it will offer to buy out the rest of the stockholders at that price, an 11% premium to Tuesday's close on the Istanbul bourse, the news service reported.

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