Banking & Finance Turkish merger and acquisition deals hit $4.6bn in 2022 By Staff Writer January 8, 2023 REUTERS/Daniel Becerril Most M&A deals took place in the electricity production and distribution sector 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.