Migros Ticaret A.Ş., the pioneer of organized retail in Turkey, has entered into a share sale and purchase agreement on 9 March 2021 to sell its 99% subsidiary Ramstore Macedonia DOO to City Plaza DOO Skopje. Ramstore Macedonia DOO is a supermarket chain operating in seven different cities in North Macedonia and owns a shopping mall. Migros will sell its shares in Ramstore Macedonia DOO through its 100% subsidiary; Ramstore Bulgaria EAD. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approval.

Paksoy is pleased to announce that a team led by Sera Somay (partner), Nazlı Bezirci (partner), and Gözde Zorlu (associate) advised Migros on this transaction.

Share


Legal Information

This is for information purposes; it is not legal advice. As laws and their interpretation may change, please consult Turkish legal counsel to confirm the current position and obtain advice tailored to your circumstances before making any decision or taking action in relation to your matter in Türkiye. All rights reserved.


You May Be Interested In

Privacy Preference Center