On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
47° Feels Like: 47°
Wind: WSW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Clear 49°

Tomorrow

Mostly Sunny 73°

Wed Night

Isolated Thunderstorms 54°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Walmart in talks to buy stake in Turkish retailer: FT

(Reuters) - Wal-Mart Stores Inc is in talks to buy an 80 percent stake in Turkish retailer Migros Ticaret AS from London-based private equity group BC Partners, the Financial Times reported.

According to the paper, this deal would value Migros at more than $4 billion including debt.

Walmart held meetings with Migros managers in recent days in Turkey but it had not placed a bid for the Turkish retailer, the paper said, citing several people familiar with the discussion.

Migros could not immediately be reached for a comment.

Wal-Mart spokesman Kevin Gardner said the company does not comment on rumors and speculation.

(Reporting By Vishal Krishnan Menon in Bangalore)

Comments