date:Feb 24, 2014
eld by BC Partners, which is considering its options for Migros six years after buying a majority stake in Turkeys largest retailer for $3.25bn (1.95bn).
The proposed merger would effectively help Tesco exit Turkey, where sales slumped 3.5pc in the third quarter of 2013, against a backdrop of declining sales in each of the supermarket groups international markets.
Discussions are understood to be at an early stage, but Tesco paved the way for an exit deal last month, when it moved its Kipa sto