Azerbaijan, Baku, Feb.18 / Trend A.Akhundov /
Migros Ticaret, Turkey's biggest supermarket chain signed an agreement to sell its Ramstore MMC unit in Baku to Dubai-based Intersun Holding FZCO," the company told Trend on Thursday.
Azerbaijan "Ramstore" MMC, which includes three supermarkets, is fully owned by Migros.
As the company told Trend, cost of the deal will be known upon completion of all sale procedures.
According to Turkish media outlets, "Ramstore" MMC in Azerbaijan is being sold for $14.25 million.
"Ramstore" MMC was created in October 1995. The first supermarket has been operating since April 1996.