Tesco in talks over sale of Turkish operations

24th Feb 2014 16:00

Supermarket chain Tesco is in talks with a number of companies over the potential sale of its Turkish arm. Trading in the country has been disappointing, with second quarter underlying sales down 10.7%. The group first opened stores there in 2003. In a statement released to the Istanbul stock exchange, Tesco Kipa confirmed the company was in "the first stages of talks with various companies regarding various options". Tesco's shares were down 0.42% to 333.75p by 16:00 Monday. NR