Walmart in talks to buy stake in Turkish retailer: FT
(Reuters) - Wal-Mart Stores Inc (WMT.N) is in talks to buy an 80 percent stake in Turkish retailer Migros Ticaret AS (MGROS.IS) from London-based private equity group BC Partners, the Financial Times reported.
According to the paper, this deal would value Migros at more than $4 billion including debt.
Walmart held meetings with Migros managers in recent days in Turkey but it had not placed a bid for the Turkish retailer, the paper said, citing several people familiar with the discussion.
Migros could not immediately be reached for a comment.
Wal-Mart spokesman Kevin Gardner said the company does not comment on rumors and speculation.
(Reporting By Vishal Krishnan Menon in Bangalore)
- Tweet this
- Share this
- Digg this
- U.S. nurse defies Ebola quarantine with bike ride; negotiations fail
- In his native Alabama, Apple CEO's announcement he is gay prompts discomfort for some
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- PM Modi boots officials out of the first class cabin
- Govt considers ban on e-cigarettes, sale of single smokes