Turkish retailer Migros said it opened 97 stores in the first three months of the year and plans to open a further 300 by the end of the year.

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Migros, owned by private equity firm BC Partners, currently operates 1,278 stores in Turkey and said it hopes to reach its target of a further 300 in the next nine months.


BC Partner last year paid $1.6bn for a 51% stake in Migros.


Earlier this month, the company posted a 2008 consolidated net profit of TRY261.53m (US$162m).

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