 Turkey’s national lottery Milli Piyango is expected to be privatized this year. AA photo |
Mergers and acquisitions in Turkey, after a silent 2009, showed an increasing trend in 2010 in large part due to energy sector privatizations and a few giant operations in the private sector.
The boom in the mergers and acquisitions is expected to continue, according to the 2010 mergers and acquisitions report published by Deloitte Turkey.
A total of 203 operations worth of $29 billion were registered in 2010, the report said. Compared to 2009, the total volume of operations increased fivefold in 2010.
Data by the business weekly Ekonomist was different: It said a total of 217 domestic and foreign transactions had been completed in 2010, and the value of 138 of these hit $26.6 billion. This figure would increase to somewhere between $29 billion and $30 billion when the undeclared value of the remaining 79 operations is taken into account.
Privatizations among all the mergers and acquisitions registered in 2010 have created a transaction volume of $14.6 billion with 35 operations, the Deloitte report read. Electricity distribution companies and small-capacity hydroelectric plant portfolios constituted a great part of privatizations in 2010.
A total of 11 electricity distribution companies sold for $12.3 billion and the Doğalgaz distribution network was privatized for $1.2 billion.
Share sales of Turkish lender Garanti Bank, sold for $5.8 billion to Spain’s BBVA, constitutes 20 percent of the total transaction volume on its own.
According to Deloitte Turkey’s report, despite the $10.5 billion transaction volume, the share of foreign investors in the total transaction volume was 36 percent.
Financial investors are expected to invest much more this year, compared to last year, the report said.
“Turkey is now perceived by investors as a market that they should invest in,” said Başak Vardar, corporate finance partner at Deloitte Turkey. “This year will be a quite active year. Privatizations will have again a determinative role.”
In the upcoming period, the energy, health, pharmaceutical, media, education sectors and automotive supply industry will be attractive for mergers and acquisitions.
The report said that the privatizations of the Istanbul Fast Ferries Co. Inc., or İDO, İGDAŞ, highways and bridges, Galataport and Turkey’s national lottery Milli Piyango are expected to be realized during the next year.
The boom in the mergers and acquisitions is expected to continue, according to the 2010 mergers and acquisitions report published by Deloitte Turkey.
A total of 203 operations worth of $29 billion were registered in 2010, the report said. Compared to 2009, the total volume of operations increased fivefold in 2010.
Data by the business weekly Ekonomist was different: It said a total of 217 domestic and foreign transactions had been completed in 2010, and the value of 138 of these hit $26.6 billion. This figure would increase to somewhere between $29 billion and $30 billion when the undeclared value of the remaining 79 operations is taken into account.
Privatizations among all the mergers and acquisitions registered in 2010 have created a transaction volume of $14.6 billion with 35 operations, the Deloitte report read. Electricity distribution companies and small-capacity hydroelectric plant portfolios constituted a great part of privatizations in 2010.
A total of 11 electricity distribution companies sold for $12.3 billion and the Doğalgaz distribution network was privatized for $1.2 billion.
Share sales of Turkish lender Garanti Bank, sold for $5.8 billion to Spain’s BBVA, constitutes 20 percent of the total transaction volume on its own.
According to Deloitte Turkey’s report, despite the $10.5 billion transaction volume, the share of foreign investors in the total transaction volume was 36 percent.
Financial investors are expected to invest much more this year, compared to last year, the report said.
“Turkey is now perceived by investors as a market that they should invest in,” said Başak Vardar, corporate finance partner at Deloitte Turkey. “This year will be a quite active year. Privatizations will have again a determinative role.”
In the upcoming period, the energy, health, pharmaceutical, media, education sectors and automotive supply industry will be attractive for mergers and acquisitions.
The report said that the privatizations of the Istanbul Fast Ferries Co. Inc., or İDO, İGDAŞ, highways and bridges, Galataport and Turkey’s national lottery Milli Piyango are expected to be realized during the next year.
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