Migros

The European Bank for Reconstruction and Development (EBRD) announced on Friday it has invested in lira-denominated bond issued by Turkish retailer Migros.     

The European Bank for Reconstruction and Development (EBRD) has said it is investing 30 million Turkish Liras in 150 million liras of the lira-denominated bond issued by the country's second-largest retailer, Migros, in a bid to encourage local currency financing.

Turkey's Competition Authority has approved Migros Ticaret A.Ş.'s acquisition of 95.5 percent of the shares of Tesco Kipa, the purchaser said in a statement late on Feb. 9. 

Turkish supermarket chain Migros has said it plans to open 150 to 200 branches over this year in a written statement to the Public Disclosure Platform (KAP) on April 12. 

In the statement, which summarizes the decisions held at the company's latest board meeting, the number of new, planned stores was set between 150 and 200.

The Competition Board has approved a "conditional" sale of a 40 percent stake in retail chain Migros in Turkey, after a complaint filed by Tuborg, the group's competitor in the brewery sector, upon competitiveness principles, according to sources. 

Anadolu Group, the Turkish conglomerate that owns Efes Pilsen, the country’s largest brewer, is not considering selling its global brand, the group’s chairman has said, after recent reports that SABMiller, the sector giant, had made an offer for it.