Migros: Anadolu Endustri may bid for whole company in future, pricing may not correspond to market capitalisation
Anadolu Endustri Holding, the Turkish conglomerate, may consider buying out Migros in the future, although it is currently bidding for a stake, according to a report in Milliyet. The Turkish language report quoted Anadolu Chairperson Tuncay Ozilhan as saying that the group is new to the retail sector, and wants to evaluate the potential of the sector for new investments. Ozilhan said that the talks may take more than a month. According to Ozilhan, the acquisition price would be different from the market capitalisation of Migros, since the company would have to consider Migros' debts as well, considering that it is bidding for joint control in the target.
Source Milliyet