Skip to content Skip to Search
Skip navigation

Turkish merger and acquisition deals hit $4.6bn in 2022

By Pramod Kumar
Electricity prices for Egyptian households were raised by between 7.8 and 20.8 percent, depending on the usage bracket 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.

Latest articles

Saudi esports Savvy Games Video length: 05:07

Saudi Arabia plays the long game in a high-stakes market

Saudi Arabia has so far channeled $38 billion into the esports sector through its Public Investment Fund subsidiary Savvy Games Group. This includes high-profile acquisitions such as the $4.9 billion purchase of the Monopoly Go developer Scopely and the $1.5 billion buyout of ESL FaceIt Group, one of the world’s largest esports companies. Critics have […]

The global titans in the cloud computing market are jostling to get a foothold in Saudi Arabia

Global cloud platforms offer Saudis data protection promises

Saudi Arabia’s cloud computing market is heating up as global players find a footing in the country with promises to secure government information.  Saudi Arabia has set aside $18 billion to become a regional leader in cloud computing, the Saudi Data and AI Authority said this week, allowing foreign companies to open data centres.  Saudi […]

The company will develop a 1GW solar power plant and 100MW battery storage project

Egypt’s first hybrid solar project to break ground next year

Norway’s renewable energy producer Scatec will begin work on Egypt’s first hybrid solar power and battery storage project in the first half of 2025. The company has signed a US dollar-denominated 25-year power purchase agreement with the state-run Egyptian Electricity Transmission Company for a 1GW solar power plant and 100MW battery storage project. Financial details […]

Water, Waterfront, Shipping Container

Turkish exports to the UK hit all-time high

Turkey’s exports to the United Kingdom reached a record high in the first eight months of 2024, according to official data. Exports rose 11 percent year on year to $8.3 billion between January and August, Anadolu Agency reported, citing data from the Turkish Exporters Assembly. The automotive sector led the way, with exports reaching $2.7 […]