Sabanci Studies Strategic Options for Carrefoursa Shares

Haci Omer Sabanci Holding AS (SAHOL) said it hired an advisor to study strategic options for shares in supermarket chain Carrefoursa AS, according to a statement to the Istanbul Stock Exchange today.

Carrefour shares surged 9.4 percent to 15.20 liras at 5:22 p.m. in Istanbul. The company’s share price values it at 1.78 billion liras ($965 million), according to Bloomberg data.

To contact the reporter on this story: Mark Bentley in Istanbul at mbentley3@bloomberg.net

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.