Public M&A Transactions In Türkiye

1. Market Context and Overview

The landscape of Turkish public companies has experienced remarkable growth in recent years. Borsa Istanbul has seen a substantial increase in initial public offerings, with the number of listed companies growing by nearly 200 since 2020. This expansion has elevated the total number of public companies to around 700 as of November 2025. This development has broadened the pool, creating a more dynamic environment for public company mergers and acquisitions.

This publication outlines the legal framework governing the acquisition of control in Turkish public companies listed on Borsa Istanbul. Each transaction in this context demands a careful, case-specific assessment, as there is no single standard structure applicable to all public M&A deals in Türkiye.