Deals
Carrefour’s Turkish Partner Likely to Buy Out Chain, Erste Says
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Carrefour SA’s local partner in Turkey will probably buy the French retailer out of its business there, according to analysts at Erste Group Bank AG.
The analysts give an 85 percent probability to Haci Omer Sabanci Holding AS buying Carrefour’s 58 percent stake in the local Carrefoursa chain to add to its existing 39 percent holding, they said today in an e-mailed research note. The remaining shares are publicly traded on the Istanbul bourse.