Turkey: Carrefour exits market with offloading of minority stake
Carrefour, the French multinational retail group, has announced the sale of its 32.25% stake in its Turkish joint venture, CarrefourSA, to the Turkish conglomerate Aydin Group. The transaction is valued at approximately 2.5 billion TRY ($72.4 million). Aydin Group is a prominent local business group that already operates the A101 discount supermarket chain. According to […]