Walmart in Talks to Buy Stake in Turkish Retailer:

(Reuters) - Wal-Mart Stores Inc (WMT.N) is in talks to buy an 80 percent stake in Turkish retailer Migros Ticaret AS (MGROS.IS) from London-based private equity group BC Partners, the Financial Times reported. According to the paper, this deal would value Migros at more than $4 billion including debt. Walmart held meetings with Migros managers in recent days in Turkey but it had not placed a bid for the Turkish retailer, the paper said, citing several people familiar with the discussion.

Migros could not immediately be reached for a comment.

Wal-Mart spokesman Kevin Gardner said the company does not comment on rumors and speculation.

(Reporting By Vishal Krishnan Menon in Bangalore)
Last modified onSaturday, 06 May 2017 10:07