Turkish retail group BIM has today (2 July) denied any interest in buying part of rival local grocer Migros.

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BIM issued a statement on the Istanbul Stock Exchange after reports in Turkey linked the company with Migros’ discount stores SOK.


Officials at BIM declined to comment further when contacted by just-food today.


German retail giant Metro has also been mentioned as a possible buyer of parts of the Migros business.


However, a Metro spokesman refused to be drawn on whether the company has any interest in Migros. “We never comment on market rumours,” he said.

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Last month, Koç Holding, the majority shareholder in Migros, appointed investment bank JP Morgan to “explore possible opportunities” for Turkey’s leading supermarket chain.


Koç is expected to make decision concerning Migros’ future in the coming weeks.

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