Energy Deals 2013 Annual Review

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As PwC Turkey, we published the sixth edition of Energy Deals, our annual analysis of mergers and acquisitions in the Turkish energy market.

With a total deal value of USD 7 billion and 40 deals, 2013 was a slightly quieter year than 2012. Unsurprisingly, thanks to privatisations, the utilities market took the lead again in 2013. Privatisation tenders for the four remaining electricity distribution and retail assets, two thermal power plants and one big ticket natural gas distribution company accounted for most of this value. Smaller private deals, in particular those targeting renewable energy companies, added some momentum to the deal space, albeit to a limited extent.

The oil and gas segment was particularly calm in 2013. In contrast with our prediction in 2012 for several deals in the fuel retail and storage businesses only one deal involving a medium-sized fuel distribution company hit the news. Likewise, the natural gas front hosted just one deal in the wholesale segment.