More foreign companies ‘sought mergers and joint ventures in Turkey in 2017’
ANKARA - Anadolu Agency
Foreign investment in mergers, take overs and joint ventures in Turkey saw an upward trend in 2017, the head of Turkey’s Competition Board has said.
“Ongoing interest of foreign capital in Turkey shows foreigners trust the country’s economy,” Ömer Torlak said at a news meeting on Jan. 5.
Turkey’s Competition Board analyzed 184 transactions that took place last year and in 137 of those transactions at least one of the parties was foreign.
Torlak has predicted that foreign interest in Turkey’s economy would continue into 2018 as mergers and take-over applications together with Turkey’s high third quarter growth rate of 11.1 percent are considered.
Foreigners were especially interested in wholesale and retail trade, fuel dispensing systems and other storage logistical activities through take over, Torlak said.
“There are applications from the Netherlands, Luxembourg, Japan, the U.S., Germany, Austria, the UAE, France, Belgium, the United Kingdom and the Philippines,” he said.