TURKEY: Carrefour acquires Turkish chain 1e1 | Progresiv

Carrefour SA announced it acquired 29 1e1 stores from 1e1 retailer, which operates in Antalya, Turkey. The transaction amounted to 31.2 million Turkish lira (11.2 million euros) and is subject of approval from the Competition Authority.

This is Carrefour’s second purchase in Turkey, with which the retailer aims to grow its turnover and profitability in 2015. "We are happy to carry out our move in this direction, the second purchase. With the 29 stores added to the Carrefour chain, we are one more step closer to achieving the position we deserve in the retail sector. We believe that we will be the first brand that comes to the mind of the customers, a target which is in line with our investment”, the company said in a statement. (www.ortakalan.com.tr)