Turkish food retailer Begendik plans to buy 10 stores from rival Tesco Kipa this year, its CEO said on Friday, part of expansion plans that could lead to a tie-up with a foreign investor, potentially from Iran, and a stock market listing.
Turkey has been hobbled by slowing economic growth, political uncertainty and a worsening security situation, but it remains an attractive market for retailers, given its young population and rising spending power.
