2018 was no different from the previous couple of years in terms of the global and domestic economic and political challenges that Turkey faced. As such, it was a moderate year in terms of M&A deal activity, leaving investors hopeful for 2019. According to Deloitte, foreign and domestic investors completed more than 250 deals with a total value of around USD12 billion. Although this marked an increase of nearly 20% on 2017 and was the highest amount reached in the last three years, the Turkish M&A market’s USD15-20 billion performance each year between 2010 and 2015 indicates that it has far greater potential.
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First published by Chambers and Partners, Global Practice Guides, Corporate M&A – Trends & Developments 2019.