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ARTICLE · 01 MARCH 2018

Turkey 2017 M&A Status Report: Why does the resolution of filings take such a long time?

Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
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On January 6, 2018, the Turkish Competition Authority (TCA) published its annual Mergers and Acquisitions Status Report for 2017.

TurkeyAntitrust/Competition Law
Sahin Ardiyok
Sahin Ardiyok
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On January 6, 2018, the Turkish Competition Authority (TCA) published its annual Mergers and Acquisitions Status Report for 2017.

According to the Report, 184 mergers were notified to the TCA in 2017, and there is a 12 percent decrease if compared to 2016 (there were 209 mergers in 2016.) 90 target companies or joint ventures involved in these transactions were incorporated as per Turkish law, and the total value of these transactions is approximately €4.7 billion. On the other hand, the total transaction value of cases in which all parties were Turkish companies is approximately €1.1 billion.

In 2017, the foreign investors directly investing in Turkish companies were involved in 47 transactions. The total investment value of these transactions is approximately €3.2 billion, and the first two foreign investors were listed as being from the Netherlands and Japan. Moreover, 90 transactions realized by foreign investors—and having an indirect effect to

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