4/10/2009

Number of mergers in Turkey rises in first quarter

Hurriyet Daily News - In the first quarter of 2009, the number of mergers and acquisitions in Turkey reached 66, marking an increase of 40.4 percent compared with the corresponding period of 2008. According to the latest data from Internet Securities Inc. DealWatch, released this week, the total value of deals declined by 59.7 percent to EUR 2.34 billion. "Having seen the deal number growing by almost 10 percent year-on-year to over 8,000 in emerging markets, we witnessed their joint valuation falling by 25 percent year-on-year to below EUR 395 billion in 2008," said Jakub Siekierzynski, head of mergers and acquisitions research at DealWatch.