Viko hires Credit Suisse to sell it for up to $1bln-sources
LONDON/ISTANBUL, March 15
LONDON/ISTANBUL, March 15 (Reuters) - Family-owned Turkish electric appliances maker Viko has hired Credit Suisse to sell the business in a deal worth between $500 million and $1 billion, three people familiar with the matter said.
Viko's founders have decided to sell after being approached by prospective buyers. They wanted to exit the business but had no suitor lined-up, the people said.
Viko was not immediately available for comment while Credit Suisse declined to comment.