March 7 (Reuters) - Turkish retail company BIM Birlesik Magazalar AS aims to open 200-300 stores in Iran if it decides to go ahead and enter a market that was shut off due to economic sanctions until Jan. 2016.
* In February, BIM authorized its executive committee to initiate research to explore opportunities and investment potential in Iran’s retail market
* Executive committee member Galip Aykac said the necessary processes to examine the potential in Iran and open stores in the country are proceeding rapidly.
* Executive Committee Member and CFO Haluk Dortluoglu said that Iran’s economy is likely to develop in the near future and he sees the country as an attractive market.
* Globally, BIM plans to open 500 BIM and 25 FILE stores in 2017, Dortluoglu added.
* Shares rose 5 percent to 56.25 lira in afternoon trade.
Source text for Eikon:
Further company coverage: (Reporting by Ceyda Çağlayan; Translated by Muhammed Bakır Dursun in Gdynia; Editing by Daren Butler in Istanbul)