date:Apr 22, 2013
ogress on quitting, sources close to the matter said.
Sabanci is exiting from retail, except its consumer technology unit TeknoSA, one of the sources said. There might be a consolidation in the sector, the source said. There's too much competition in the sector and it's not doing very well. Profitability is very low.
Sabanci holds a 38.8 percent stake in CarrefourSA, while French partner Carrefour holds 58.2 percent, the remaining 2.2 percent is publicly traded. Analysts have put an estimated