Walmart in talks to buy stake in Turkish retailer-FT
Dec 12 (Reuters) - Wal-Mart Stores Inc is in talks to buy an 80 percent stake in Turkish retailer Migros Ticaret AS from London-based private equity group BC Partners, the Financial Times reported.
According to the paper, this deal would value Migros at more than $4 billion including debt.
Walmart held meetings with Migros managers in recent days in Turkey but it had not placed a bid for the Turkish retailer, the paper said, citing several people familiar with the discussion.
Migros could not immediately be reached for a comment.
Wal-Mart spokesman Kevin Gardner said the company does not comment on rumors and speculation.
- Islamic State threat 'beyond anything we've seen': Pentagon
- Oklahoma City policeman arrested for raping women while on patrol
- U.S. says Russia must pull convoy from Ukraine or face more sanctions |
- Exclusive: Apple iPhone 6 screen snag leaves supply chain scrambling |
- Gaza gunmen execute 'collaborators'; mortar kills Israeli boy |