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Information about Migros (Turkey)! (Exchange Code: MGROS)

by Financial Economy

Migros Ticaret A.Ş. is one of the supermarket chains in Turkey. The foundations of Migros were laid in 1954, with the decision taken by the Istanbul Municipality, with the establishment in Turkey of the Migros organization, known in Switzerland as the “King of Cheap” slogan. It was opened by Fahrettin Kerim Gökay, the Governor and Mayor of Istanbul at the time, who also offered arrangement sales to Istanbul residents. Detaile information about Migros (Türkiye) is in rest of the article. You can browse here for information about Borsa Istanbul (BIST).

Information about Migros (Turkey)!

Migros, whose shares were taken over by Koç Holding in 1975 upon the request and direction of Vehbi Koç from Koç Group, went public in 1991. Migros, which started large retailing at the end of 1990, bought the retail chain Tansaş in 2005.

As of 2020, it has 2213 Migros branches, 61 Macrocenter branches and 30 Ramstore branches for international operations. For online operations, there are Migros Virtual Market and Migros Immediately. Migros was the first and only retail company to be included in the sustainability index of BIST in 2014-2015 in the fields of people and good life.

As of 2007, it was put up for sale by the Koç group. On February 14, 2008, Koç Holding sold its shares to the British company Moonlight Capital SA. In the first days of 2015, Anadolu Group bought 40.25% of the company.

Migros Turkey stock market information!

Migros is traded on Borsa İstanbul Yıldız Market/ Outright Purchases and Sales Market (Among Qualified Investors). Company shares are included in the BIST 50 index. 50.76 percent of Migros shares are in circulation on the stock exchange. The company went public in 1991. The stock exchange code of the company is MGROS.

Attention: This content has been prepared for informational purposes only. It is not investment advice!

For information about Borsa Istanbul, you can check here.

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