Turkish conglomerate Sabanci Holdings has said it is yet to decide on what to do with its its stake in its local retail joint venture with Carrefour.

Reports had claimed Sabanci was looking to increase its 38.8% stake in Carrefoursa.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

In a disclosure to the Turkish stock exchange, Sabanci confirmed it had asked independent financial consultants to look into its options regarding its stake in Carrefoursa but said as yet no decision had been reached.

A spokesman for Sabanci told just-food the consulting process is still ongoing and that no decision had been made.

Sabanci holds 38.8% of Carrefoursa, against a 58.2% stake held by Carrefour. Another 2.2% is floated on the Turkish stock exchange and 0.8% held by other unspecified shareholders.

Founded in 1996, Carrefoursa operates 27 hypermarkets and 219 supermarkets in Turkey.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now