Energy Deals 2017

  • Total deal value
    Although the total deal value increased by 72% YoY, the 2017 figures still lagged behind the decade’s averages
  • Private deals
    made up 86% of the total deal value in 2017 with a significant rebound from 2016
  • Local vs foreign
    involvement hit a balance at 49% vs 51% respectively

The 10th edition of the Energy Deals which is the annual analysis of mergers and acquisitions in the Turkish energy market is published.

In this edition, the  significant changes in the Turkish energy scene over the last decade are explored in addition to the deals and major developments of 2017 and expectations for 2018.
That was a decade of tectonic changes in the Turkish market shaped by the strong energy demand, utility privatisations, development of the power spot market, regulations in the renewable energy fuelling the growth of the private sector, and of course the end of the usufruct agreements in the fuel distribution sector.
Given the lack of the potential big tickets on the privatisation shelf on the utilities front, the figures will be shaped by the private deals in 2018. Political stability, recovery in Turkish Lira and ease off in the regulatory uncertainties will be the major watch-outs to unlock the deal potential in the Turkish energy market.

Dominating the energy deals space over a good part of the last decade, privatisation of the power generation and distribution, and the natural gas distribution companies generated around USD 27.5 billion in total, almost half the total estimated value of USD 46.4 billion (when adjusted for the cancelled electricity and gas distribution privatisations) raised in all the 345 disclosed deals since 2008.

The downward trend in the total deal values since 2013 had a break in 2017, with a total value of USD 3.45 billion in 33 deals versus USD 2 billion in 30 deals in 2016. Sale of Petrol Ofisi to Vitol for USD 1.45 billion stood up as the energy deal of the year.

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Murat Çolakoğlu
Energy, Utilities and Resources Industry Leader
Tel: +90 212 326 6086
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Engin Alioğlu
Oil and Gas Leader
Tel: +90 212 376 5304
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Ediz Günsel
Power and Utilities Leader
Tel: +90 212 326 6040
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Tolga Taşdelen
Mining Leader
Tel: +90 212 326 6086
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