For­eign­ers in­vested $4.1B in lo­cal firms in 9 months

Daily Sabah (Turkey) - - Business -

WHILE a to­tal of 114 merg­ers and ac­qui­si­tions took place in Turkey from Jan­uary to Septem­ber this year, the to­tal vol­ume of the an­nounced trans­ac­tions reached $5.9 bil­lion, with for­eign­ers tak­ing up to nearly 70 per­cent of the trans­ac­tions, cor­re­spond­ing to $4.1 bil­lion.

Ac­cord­ing to in­for­ma­tion com­piled by Anadolu Agency (AA) from Ernst & Young (EY), an in­de­pen­dent au­dit, con­sul­tancy, cor­po­rate fi­nance and tax com­pany, a to­tal of 114 merg­ers and ac­qui­si­tions took place in Turkey in the first nine months of the year.

While the value of 64 trans­ac­tions out of a to­tal of 114 made dur­ing the Jan­uarySeptem­ber pe­riod were an­nounced, fi­nan­cial in­for­ma­tion re­gard­ing the re­main­ing 40 trans­ac­tions was not dis­closed. The to­tal vol­ume of the an­nounced 64 trans­ac­tions reached $5.9 bil­lion.

On the other hand, the to­tal vol­ume of merg­ers and ac­qui­si­tions, the value of which were an­nounced, was $4.6 bil­lion in 2016, $10.7 bil­lion in 2015, $17.7 bil­lion in 2014, $13.7 bil­lion in 2013, $23.2 bil­lion in 2012 and $11.5 bil­lion in 2011.

Ac­cord­ing to EY data, Turk­ish in­vestors car­ried out 67 trans­ac­tions in the ninemonth pe­riod, while for­eign­ers con­ducted 47 trans­ac­tions, cor­re­spond­ing to $1.8 bil­lion and $4.1 bil­lion, re­spec­tively.

Turk­ish in­vestors had merg­ers and ac­qui­si­tions of $5.1 bil­lion in 2011, $11.5 bil­lion in 2012, $10.4 bil­lion in 2013, $13.1 bil­lion in 2014, $4.1 bil­lion in 2015 and $2.1 bil­lion in 2016. For­eign­ers, on the other hand, car­ried out trans­ac­tions of $6.4 bil­lion in 2011, $11.7 bil­lion in 2012, $3.3 bil­lion in 2013, $4.6 bil­lion in 2014, $6.6 bil­lion in 2015 and $2.5 bil­lion in 2016.

Con­sid­er­ing the trans­ac­tion value of merg­ers and ac­qui­si­tions by sec­tors, the en­ergy sec­tor took the lead with $2.19 bil­lion, fol­lowed by fi­nan­cial ser­vices with $1.37 bil­lion, trans­porta­tion by $921 mil­lion, man­u­fac­tur­ing with $546 mil­lion, food and bev­er­ages with $364 mil­lion, re­tail with $255 mil­lion and min­ing with $205 mil­lion. The great­est num­ber of trans­ac­tions, 38, were con­ducted in the in­for­ma­tion sec­tor, fol­lowed by the en­ergy with 14 trans­ac­tions, trans­porta­tion with 13, man­u­fac­tur­ing with 11, food and bev­er­ages with nine and the ser­vices sec­tors with eight trans­ac­tions.

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