BANKING - 7 bids for retailer 101 - Bank Asya planning to sell participation

JUST-FOOD.COM - Turkish discount retailer A101 has reportedly attracted seven bids in the first round of an auction.

TPG and Permira are among the private-equity firms that submitted bids by the deadline ten days ago, alongside several trade buyers, according to Dow Jones Newswires.

A101 has been valued at between TRY800m (US$448m) and TRY1bn. Next-round bids are due at the end of the month, the news agency said. (source)

CAPITAL MARKETS - TPG, Capital Group eye Turkish retailer A101-sources (Bank Asya)

ISTANBUL, Aug 3 (Reuters) - Private equity funds including TPG , the Capital Group, Permira and Mid Europa Partners are among potential buyers for Turkish hard-discount retail chain A101 and will place their bids next week, sources close to the deal told Reuters on Wednesday.

"We can talk about a sale price definitely higher than (discount retailer) Sok, which was sold for 600 million lira ($350 million). For A101 I expect the sale price to be from 800 million lira up to 1 billion lira," a source close to the deal said.(source)