Walmart eyes Turkish group

Kasmira Jefford
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WALMART, the American retail giant which owns Asda in the UK, is is understood to be eyeing a takeover bid for Turkish supermarket group, Migros Ticaret.

The retailer has been in talks with private equity group BC Partners about acquiring its 80 per cent stake in the Turkish chain.

A source close to Walmart told City A.M. last night it was in talks with several companies in Turkey.