Koc Holdings is yet to make a decision on the rumoured sale of its stake in supermarket group Migros, a spokesperson told just-food today (21 May).
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“While we have acknowledged that it is not one of our core businesses, we have not yet come to a decision to sell,” a spokesperson for the Turkish industrial company said.
Koc holds a majority stake in the Istanbul-listed Migros, which has a market capitalisation of US$2.2bn. CEO Bülent Bulgurlu told the Turkish Financial Times that a decision concerning Migros’ future ownership will be made “in the next month”.
International retailers including Carrefour, Metro and Tesco, alongside domestic supermarket group BIM, are believed to be potential suitors of Migros.
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