Companies / Turkey
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Migros Deal To Close Soon
May 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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The sale of a majority stake in Migros Türk, which has been capturing headlines over the past year, is expected to finally be completed by the end of May. Private equity firm BC Partners purchased the 50.8% stake from Koç Holdings for TRY1.98bn (US$1.54bn), making this the largest private equity deal in the country's history. Closing of the deal had been held up by some formalities, including the need to receive regulatory approval from several countries. BC Partners has said that, once the deal is closed, it plans on launching a tender for the remaining shares in Migros. With numerous