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Viko hires Credit Suisse to sell it for up to $1bln-sources
March 15, 2013 / 5:01 PM / 5 years ago

Viko hires Credit Suisse to sell it for up to $1bln-sources

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.

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