News Headline Summary

Wal-Mart (WMT) may bid for a Turkish retailer according to the FT

- May buy Migros Ticaret stake for GBP 1bln.

Reaction details (20:34)

- In immediate reaction to the news last trade at USD 69.01 (-2.65%).

Analysis details (20:45)

- Migros Ticaret is one of the biggest chain of supermarkets in Turkey, serving an estimated 160mln consumers per year.

12 Dec 2012 - 20:33 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: