Koc Considers Migros Sale

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According to media reports, the Turkish mass grocery retail (MGR) sector could be about to see a major shake up, as rumours fly that Koc Holding, the country's top industrial conglomerate, may sell its majority stake in Migros, the leading MGR operator. Bulent Bulgurlu, Koc's chief executive told the Financial Times that Migros is currently not one of the core operations of the group, and that Koc is considering selling the business, although he refused to provide any more details. If such a sell off were to take place, it will inevitably have a significant impact on the retail landscape,