2/27/2013

Turkey leader again in regional M&A activity

Hürriyet – The continuing momentum in Turkey’s mergers and acquisitions (M&A) market has secured the country the top spot for the second consecutive year in Ernst & Young’s M&A Barometer report covering Central and South Eastern Europe.


Turkey topped the 11-country region with 297 transactions which created a combined volume of USD 17.9 billion, ranking first both in terms of transaction numbers and total volume. The Czech Republic came a distant second with USD 8.3 billion in the transaction volume category while Poland was second in transaction numbers. With a decline of 18 percent, the whole region’s M&A volume total stood at USD 41.8 billion, the financial advisory firm’s study revealed.


The report, which excludes transactions involving public parties, listed last year’s major deals in Turkey as the acquisition of Dexia’s Turkish unit Denizbank by Sberbank for USD 3.5 billion, brewer Anadolu Efes’ merging of Russian and Ukrainian operations with SABMiller for USD 1.9 billion, Aéroports de Paris’ partnering with Turkish airport operator TAV for USD 874 million, and the acquisition of Turkish pharma company Mustafa Nevzat by US biotech giant Amgen for USD 700 million.


Turkey led the region in M&A activities in 2011 as well, recording a total volume of USD 15 billion in 241 transactions.

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