Bloomberg News

Sabanci Studies Strategic Options for Carrefoursa Shares

December 09, 2011

(Updates with share price in second paragraph.)

Dec. 9 (Bloomberg) -- Haci Omer Sabanci Holding AS said it hired an advisor to study strategic options for shares in supermarket chain Carrefoursa AS, according to a statement to the Istanbul Stock Exchange today.

Carrefour shares surged 9.4 percent to 15.20 liras at 5:22 p.m. in Istanbul. The company’s share price values it at 1.78 billion liras ($965 million), according to Bloomberg data.

--Editor:

To contact the reporter on this story: Mark Bentley in Istanbul at mbentley3@bloomberg.net

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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