Banking & Finance Turkish merger and acquisition deals hit $4.6bn in 2022 By Pramod Kumar January 8, 2023, 7:22 AM Reuters/Daniel Becerril Electricity prices for Egyptian households were raised by between 7.8 and 20.8 percent, depending on the usage bracket The total value of mergers and acquisitions (M&A) in Turkey amounted to 86.2 billion lira ($4.59 billion) in 2022, Daily Sabah newspaper reported, citing the Competition Authority. Most M&A deals took place in the electricity production and distribution sector, followed by the transportation sector, the report said. Privatisation deals were completed in the electricity production and distribution sector, as well as airport operation and natural gas import and distribution. Investors from the Netherlands and the United Arab Emirates (UAE) topped the list of nations involved in most transactions with five each. The report added that the value of transactions involving foreigners and Turkey-based companies amounted to nearly 43 billion lira. M&A deals reached 42.6 billion lira in 2021 and seven privatisation transactions hit 95 billion lira. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
