Koç holding sells 50.8 per cent of Migros to Moonlight
Feb 14, 2008
In striving to acquire 50.8 per cent of shares of the Turkish retail chain Migros Turk among the competition of major international investors Agrokor approached the global market for the first time. Although it has not finalized the acquisition of the majority package, by managing to stay in the narrowest circle of bidders until the very end Agrokor has proven to be able to cope with the leading players in global business. By participating in this major international bidding process, Agrokor made a significant step forward and became globally recognizable. In cooperating with reputable international partners in this deal we have gained new experience which will be a benefit in our activities going forward and contribute to our future successes. Agrokor's strategic goal remains to become a global company.