Invest News DetailBloomberg - Migros Turk TAS gained the most in five months in Istanbul trading after Hurriyet said owner Koc Holding AS received five bids for the Turkish supermarket chain and that the winning offer is expected to be around $4 billion. Bidders included groups backed by buyout firms Kohlberg Kravis Roberts & Co., Blackstone Group LP and CVC Capital Partners Ltd., Hurriyet reported, without saying where it got the information. "The price is expected to be higher than the current market capitalization'' of 3.93 billion liras ($3.41 billion)", said Burak Demircioglu, a trader at EFG Istanbul Securities. Migros shares rose 1.20 liras, or 5.7 percent, to 22.10 liras, the steepest advance since Aug. 22. Private equity companies KKR, Bain Capital LLC, BC Partners Ltd. and Türkiye's Turkven made a joint bid for Migros, Hurriyet said. Zagreb-based Agrokor, Croatia's biggest retailer, and Blackstone, manager of the world's biggest buyout fund, also combined to make an offer for the retailer, the newspaper said. Other bidders were CVC, Europe's second-biggest buyout firm, Dutch grocer Royal Ahold NV's Nordic joint venture ICA AB and Russian billionaire Mikhail Fridman's Alfa Group, according to Hurriyet.