We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Tesco Turkish Unit Sells 10 Grocery Stores

September 10, 2015: 12:00 AM EST
The Tesco Turkish unit (Kipa) is selling its only stores in the country’s second largest city, Ankara. Seven of the 10 stores it is selling to Turkish retailer Begendik for $13.3 million are located in Ankara. The divestment of the Tesco stores is the latest in a recent burst of retail acquisitions that involved Carrefour and Begendik. According to Retail Analysis, the Turkish retail market is “ripe for purchases” as retailers see acquisitions as a vehicle for growth.
"Tesco Kipa sells 10 Turkish stores", Retail Analysis, September 10, 2015, © The Institute of Grocery Distribution
Market News
Middle East- Africa
Companies, Organizations
Deals, M&A, JVs, Licensing
Market News
Developed by Yuri Ingultsov Software Lab.