On 17 April 2026, Carrefour entered into a share purchase agreement to sell its 32.16% stake in CarrefourSA, one of the major supermarket chains in Türkiye, established in 1991 as a joint venture with Sabancı Holding. The stake is being sold to Yeni Mağazacılık, a subsidiary of Turgut Aydın Holding, which owns and operates A101, one of the country’s largest discount retailers.
The sale is part of a joint transaction alongside Sabancı Holding, with the two sellers together divesting a combined 89.28% stake in CarrefourSA. The transaction is expected to close upon completion of customary regulatory approvals, including clearance from the Turkish Competition Authority.
Paksoy is pleased to announce that a team consisting of partners Stéphanie Beghe Sönmez (M&A, Intellectual Property), Nazlı Bezirci (M&A), Şansal Erbacıoğlu (Tax and Fiscal Services) and Ökkeş Şahan (Capital Markets), along with senior associate Beritan Arık (M&A) and associate Ayşegül Avcı (Intellectual Property) is acting as counsel to Carrefour on this transaction. Partner Togan Turan and senior associate Gamze Boran are advising on Antitrust and Competition aspects.
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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.