date:Apr 22, 2013
Spanish discount retailer Dia said on Friday it would exit Turkey by selling its stake in supermarket chain DiaSA to Turkish food group Yildiz Holding, while local partner Sabanci Holding also sold its stake.
The deal, first reported by Reuters earlier on Friday, is worth 136.5 million euros ($178 million), Dia and Sabanci said in separate statements. Yildiz and its subsidiary, retailer SOK Marketler, will pay in cash, Dia said.
Dia had a 60 percent of DiaSA and Sabanci owned the rest.
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