M&A activity in Turkey fell 20% y/y to 217 deals last year with a total value of USD 17.5bn, a 15% y/y decline, Deloitte said on Thursday.
Foreign investors generated an M&A deal volume of USD 5.2bn, representing a 60% y/y decline, according to Deloitte. Their share was 46% in 2012.
Privatisations corresponded to 38% of all M&A deals with the privatisation of power grid Toroslar Elektrik Dagitim accounting for a 10% of total deal volume alone. Sabanci Holding’s Enerjisa had won the privatisation tender of Toroslar Elektrik with its USD 1.73bn bid. Privatisations’ share in total M&A deals was 43% or USD 12.1bn in 2012.
Turkey had total of 259 M&A transactions in 2012 valued at USD 28bn, up 87% from the year before, according to Deloitte’s M&A Review 2012 report.
Deloitte expects M&A activities primarily to take place in Turkey’s services, food, and pharmaceuticals sectors this year.
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