Companies / Croatia
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Agrokor Poised To Acquire Migros Türk
February 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Croatia's Agrokor Group is now the frontrunner to acquire a majority stake in Turkish retail chain Migros Türk for a reported US$3.2bn. After months of speculation regarding who will take over Turkey's largest retailer, and the leading bidder Carrefour dropping out of the running, talks over the sale have now reached their final stage, although a deal has yet to be officially signed. Agrokor and private equity firm Blackstones initially placed a US$3.4bn bid for the company, while Koç Holding, which is the majority owner of Migros asked for US$3.8bn, with the sides negotiating down to US$3.2bn following the