💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Turkish deal-making was lowest since at least 2011: Ernst & Young

Published 01/07/2020, 05:15 AM
Updated 01/07/2020, 05:26 AM
© Reuters.  Turkish deal-making was lowest since at least 2011: Ernst & Young

ISTANBUL (Reuters) - Ernst & Young Turkey said on Tuesday that the disclosed amount of mergers and acquisitions in Turkey stood at $2.7 billion in 2019, the lowest since at least 2011, reflecting the effects of recession and the 2018 currency crisis.

The total amount of deals, which includes undisclosed amounts, reached $5 billion in 2019 and is expected to reach $8 billion in 2020, it said. Both the transaction volume and numbers are expected increase this year.

Ernst & Young added it expects a rise in initial public offerings in 2020 and that there was a window in the first two quarters of the year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.