4/30/2008

Migros sale seen completed by end-May

Reuters - The sale of a majority stake in Turkey's largest retailer Migros to a consortium led by private equity firm BC Partners is seen completed by the end of May, Koc Holding executive Omer Bozer told reporters on Tuesday. The 1.98 billion lira purchase of the 50.8 percent stake, Turkey's largest private equity deal, had been approved by the competition board in March.

ENGLISH