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Published on Regoverning Markets (http://www.regoverningmarkets.org)

CARREFOUR may now look at Turkish acquisition

By billv
Created 2007-07-30 16:50

Planet Retail 30 July 2007 

According to unconfirmed reports in the Financial Times, Carrefour is interested in possibly acquiring all or part of Turkish group Migros Türk in conjunction with its local joint venture partner Sabanci Holding. The report states that Carrefour's disposal of its Portuguese hypermarket network last week and the potential expansion in Turkey is part of its strategy of selling what the retailer sees as weaker assets in its portfolio of international businesses and to put those resources into more-promising areas.

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