Tesco was today named as a potential buyer for the 50-store Turkish chain Uyum Gida.

Uyum Gida said last August it had signed a one-year confidentiality agreement with a foreign investment fund to look into options for the company.

Today Turkish newspaper Vatan claimed Tesco had emerged from talks as the most likely candidate to buy the chain.

Tesco bought a majority stake in rival Turkish retailer Kipa in 2003.

A Tesco spokeswoman said the report was “all speculation and rumour at this stage”.