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ARTICLE · 12 MARCH 2024

A Quick Overview Of The Turkish Competition Authority's M&A Overview Report For 2023

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On 5 January 2024, the TCA released its longawaited M&A Overview Report for the year 2023 ("Report"), which offers important insights into key trends and statistics related to mergers...

TurkeyAntitrust/Competition Law
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On 5 January 2024, the TCA released its longawaited M&A Overview Report for the year 2023 ("Report"), which offers important insights into key trends and statistics related to mergers, acquisitions, and privatization transactions reviewed by the Board during the previous year.

Transaction Volumes and Trends

In 2023, the Board assessed 217 transactions, representing a noticeable decrease compared to the 245 transactions reviewed in the previous year. This 11% decline can partly be attributed to adjustments in jurisdictional thresholds made in 2022 and slightly deviates from the decade-long average of 219 transactions. Despite the peak in transaction numbers occurring in 2021, there has been a consistent decline over the past two years. Interestingly, despite the decrease in the number of transactions, the transaction volume in 2023 exceeded the ten-year average, experiencing a significant 57.4% increase in its USD value compared to 2022.

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