Sharing Deal Insight - 2013

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Merger and acquisition activity in Turkey’s financial sector

With its significant contribution to the Gross Domestic Product (“GDP”) via robust growth rates, Financial Services (“FS”) sector continued to attract the attention of investors. In addition to Mergers and Acquisitions (“M&A”) activity, we witnessed eye-catching new market entrances to the financial sector which are expected to continue in the coming period. Total announced value of M&A in Turkish Financial Sector in 2013 is realized as € 1.3 billion, referring to a 63% drop on 2012’s equivalent figure of € 3.4 billion.

The fall in deal value is mostly due to the lack of large or medium cap banking deals in 2013 compared to the prior year which witnessed a large banking deal, Denizbank, corresponding to c.88% of the total disclosed transaction value in 2012.