Boyner Rises in Istanbul After Report Owner Is Buying YKM Chain

Boyner Buyuk Magazicilik AS, a Turkish department store chain, headed for the highest level since October after a report its owner has bought a majority stake in the YKM chain of department stores.

Boyner Holding AS bought 63 percent of YKM, which operates 57 department stores in Turkey, Haberturk newspaper reported today, without saying where it got the information.