WAL-MART interested in Migros Türk

PlanetRetail.net 18 October 2006

According to reports in the Turkish press, citing the honorary chairman of Koç, Wal-Mart Stores is in talks to buy a stake in its retail business Migros Türk, "Wal-Mart is interested in companies around the world, and that includes us. Our people are talking with them." Rumours have been circulating for some time over a Wal-Mart acquisition of Migros Türk. Additionally reports in the Russian press this morning state that Wal-Mart Stores will acquire the Migros Türk owned Ramstore chain sometime in the next two years.