February 24, 2012 / 8:22 AM / in 7 years

Turkey's Boyner Holding says buys 63 pct of retailer YKM

ISTANBUL, Feb 24 (Reuters) - Turkish retail group Boyner Holding, which owns listed Boyner Magazacilik, said on Friday it acquired 63 percent of Turkish retailer YKM for 190 million lira ($108 million).

Boyner Holding Chairman Cem Boyner said at a news conference they had signed an accord to buy the stake, which was Turkey’s largest ever deal in non-food retail. ($1 = 1.7611 Turkish liras) (Reporting by Ceyda Caglayan; Writing by Seda Sezer)

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