According to reports, Tesco, the world's no 3 retailer, is interested in buying a majority stake in Turkish grocer Uyum Gida.
Turkey's Vatan newspaper reported this, which was echoed by Reuters. However, Turkish grocer Uyum Gida has informed Reuters that the report "does not reflect the truth".
Uyum Gida said last August it had signed a one-year confidentiality agreement with a foreign investment fund to look into options for the company.
Vatan reported that Tesco was the company which emerged from talks as the main candidate.
Uyum Gida has 50 shops, while Tesco bought a majority stake in Turkish retailer Kipa in 2003.
- Douwe Egberts redesigns packaging to reflect UTZ certification
- GlaxoSmithKline repositions Revive from Lucozade to drive sales
- Rabobank identifies three forces driving the hybrid consumer trend
- Beverage > Alcohol
- Food > Confectionery
- Beverage > Dairy
- Distribution > Retail
- Beverage > Soft Drinks
- Beverage > Tea & Coffee