Skip to content Skip to Search
Skip navigation

Turkish merger and acquisition deals hit $4.6bn in 2022

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

The Saudi government is trying to raise home ownership among nationals to 70 percent of the population by 2030, which is helping to drive up residential property prices

Residential price rise counters slip in Saudi commercial property

Residential property was the driving force behind a rise in Saudi Arabian real estate prices in the first quarter of 2024 as prices of commercial real estate fell, government statistics released this week showed.  The overall real estate price index rose by 0.6 percent compared with the same quarter in 2023. But while there was […]

Marcel Ciolacu, Romania's PM, speaks to reporters in Rome. He is now in Qatar for trade talks

Romania touts $16bn of opportunities as PM visits Qatar

Romania is looking to secure €15 billion ($16 billion) of investment from Qatar during a visit by its prime minister, Marcel Ciolacu. He is set to hold talks with Qatar’s prime minister and minister of foreign affairs, Mohammed bin Abdulrahman bin Jassim Al Thani. Ciolacu is also due to have discussions with representatives of Qatar […]

The under-construction Zayed National Museum in Abu Dhabi

UAE wealth fund ADQ buys stake in Abu Dhabi builder

UAE sovereign wealth fund ADQ is acquiring a stake in the construction company building the Guggenheim and Zayed National museums in Abu Dhabi. Alpha Dhabi Holding (ADH), an investment holding company, announced in a filing to the Abu Dhabi Stock Exchange on Tuesday that it will divest 49 percent of its subsidiary Alpha Dhabi Construction […]

Egypt growth forecast Cairo street

World Bank lowers Egypt’s growth forecast again

The World Bank has downgraded Egypt’s growth forecast for the current fiscal year to 2.8 percent, the lowest for 11 years, despite recent investment in the country of nearly $60 billion. In its latest Middle East and North Africa economic update, the bank blamed “sluggish industrial sector performance” and the effects of war in the […]