Turkey: A very good year
SUPPLEMENT - THE 2008 GUIDE TO MERGERS & ACQUISITIONS - April 01, 2008
During 2007, Turkey continued to attract global investors with its large and dynamic market. Despite the negative conditions, such as the crises in the global financial markets in the second half of 2007, the Turkish economy showed that it had become more resilient to internal and external shocks.
2007 was another historical year for M&A activity in Turkey. The increasing economic stabilisation of the country gave rise to an M&A deal volume with 161 transactions worth more than $20 billion. According to a 2007 report announced by Deloitte Turkey, foreign investors assumed the biggest role with 81 transactions worth $14.8 billion. The most attractive industry was the banking and finance sector, as in previous years. The energy, real-estate, IT, food and beverage and media sectors were also among the most attractive for investors.
Significant deals of 2007
Banking and finance were the most active sectors in...
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