The sale of Turkish retailer Migros has attracted local and overseas interest, the company’s owner told just-food today (21 September).

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Turkish conglomerate Koç Holding is looking for buyers for Migros under plans to exit the retail sector.


Earlier this month, Koç Holding sold its stake in Russian retail venture Ramenka as a precursor to its sale of Migros. The conglomerate has already mandated JP Morgan to assist with sale.


A spokesperson for Koç Holding in Istanbul refused to confirm comments attributed to CEO Bulent Bulgurlu that a sale would be completed in March.


The spokesperson said: “That might be an indication but there has been no concrete date for a sale. We do not disclose the number of companies that have showed an interest in Migros but already there have been a few Turkish retailers that have announced an interest – and there is interest outside Turkey.”

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Turkish retail group BIM has previously denied it would be interested in buying Migros, although German multinational retail group Metro has refused to be drawn on reports linking it to the company.

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