French retailer Carrefour finalized the acquisition of Turkish supermarket chain Kiler, Carrefour said in a stock exchange filing late Wednesday. International retailer Carrefour's joint venture company in Turkey, CarrefourSA, announced that the deal had been finalized, with the French company acquiring 85 percent of Kiler's shares in exchange for cash. The value of the agreement was TL 429 million ($160 million). Carrefour had announced the acquisition in May, pending regulator approval. "We have already set 2015 as a growth year for us and said earlier that we were open to acquisitions. We are now very happy to acquire majority stakes in Kiler, one of the biggest players in Turkey's retail market," said CarrefourSA CEO Mehmet Nane in a press release on May 15. "We will continue to assess inorganic growth opportunities in the future as well."
