1/7/2008

German Aldi Group is among bidders for Turkey's largest retailer Migros

Bloomberg - Aldi Group, Germany's biggest discount retailer, is among the bidders for Turkish retailer Migros Turk TAS, Star newspaper said. Carrefour SA, Kohlberg Kravis Roberts & Co. and Bain Capital LLC are also interested in Migros, Turkey's biggest supermarket chain, Istanbul-based Star reported without saying where it got the information. Bids are due by Jan. 9 and the sale should be completed this month, Star said. Migros Turk's main owner Koc Holding AS said in June it hired JPMorgan Chase & Co. to seeking offers for 51 percent of the retailer. Migros has a market value of 4.06 billion liras ($3.5 billion).
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