According to today’s newspapers Ernst&Young has shared it’s annual M&A report with press. I haven’t be able to lay hands on the report yet but based on the news it is seen that 2012 was a record breaking year of M&As.
Despite the slowing down of global M&As Hurriyet Daily reports, in Turkey transaction volume is almost doubled in 2012. The total deal volume, worth $30 billion with 315 deals in 2012 while six transactions exceeded $1 billion threshold. On the other hand Deloitte’s report, published January 3rd, had revealed that the 2012 volume was $28 billion, with 259 transactions.
According to a third report published by PricewaterhouseCoopers on Energy M&As, M&A volume within the energy sector increased to $9.5 billion as the 2011 volume was only $1.2 billion. Narrating the PwC’s report Hürriyet Daily attests “The report indicates the privatizations in 2012 made up the major part of this volume, as the Boğaziçi, Gediz and Akdeniz electricity distribution companies and Seyitömer power plant tenders by $5.985 billion boosted the volume in the utilities sector. Also, Azerbaijan’s Socar, which already owned 51 percent of petrochemical company Petkim, bought 10.32 percent of the company for $168 million in a privatization tender.”
All in all, year 2012 was a record year for M&As in Turkey. We will wait for the TCA’s 2012 annual report and figures on M&As examined by TCA to see how this increase effected the Authority.