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                          5.4​ FDI
       Zynga ​entered​ into an agreement to acquire 80% of Istanbul-based Rollic, a mobile games developer, for a consideration of $168mn (See Section 9.2.7).
Games developers in Turkey have reportedly ​attracted​ around $2.4bn in investments over the past five years from the likes of Tencent Holdings, Netmarble Corp. and Zynga Inc.
Previously this year, Zynga acquired Peak for $1.8bn.
France’s Imerys has ​signed​ an agreement to acquire a majority stake of 60% of Turkey’s Haznedar group. The deal gives the buyer an option to acquire the remaining shares at a later date.
Russian energy giant Oteko Group is ​exiting​ the Turkish market that it entered eight years ago by selling its stake in liquefied petroleum gas (LPG) wholesaler Petgaz.
Austrian Post has ​closed​ a transaction to boost its stake in Turkish parcel services provider Aras Kargo to 80% from 25%. Aras Kargo’s revenues stood at Turkish lira (TRY) 1.4bn (around €215mn) last year. It ships around 127mn parcels and 29mn documents per annum. It employs 14,000 people and operates a fleet of 4,500 vehicles.
          Major M&As in Turkey
     Date
 Sold
     Stake
   Price
   Buyer
  Seller
     Aug-20
 Mobilexpress
      -
    $2mn
    Collective Spark
   series A financing round
     Aug-20
 Haznedar
      60%
    -
    Imerys
   -
     Aug-20
 Rollic
      80%
    $168mn
    Zynga
   Founders
     Jul-20
 Moka Odeme
      100%
    $3.8mn
    Isbank
   -
     Jul-20
 Sunrise Food
      minority
    -
    Qatar
   Tiryaki Agro
     Jun-20
 Natro
      100%
    -
    team-blue
   Founders
     Jun-20
 Aras Kargo
      55%
    -
    Austria Post
   Aras family
     Jun-20
 Turkcell
      24%
    $530mn
    Turkey Wealth Fund
   Telia Sonera
     Jun-20
 Payguru
      100%
    -
    TPAY Mobile
   Founders
     Jun-20
 Peak Games
      full
    $1.8bn
    Zynga
   Earlybird,Endeavor,Hummingbird
     Apr-20
 CY Vision
      -
    TRY13.5mn
    Revo
   -
     Feb-20
 Gunes Sigorta
      10%
    -
    TVF
   Groupama
     Feb-20
 Yapi Kredi
      12%
    €400mn
    Placement
   UniCredit
 Feb-20
   Novartis' plant
    -
     -
      Generica
     Novartis
     Jan-20
SODA, ANACM, TRKCM, DENCM
    -
 -
 Sisecam
 Merger
     Jan-20
 McDonald's Turkey
      100%
    TRY281mn
    Birlesik Holding
   Anadolu Group
     Jan-20
 Sanovel
      30%
    $200mn
    Yamma Investments
   Toksoz Group
     Jan-20
 Total, M Oil
      100%
    $360mn
    Oyak
   Demiroren
     Jan-20
 Glovo Turkey
      100%
    -
    Exit
   Glovo
     Jan-20
 JCR Eurasia
      85.05%
    -
    Consortium
   Japan Credit Rating Agency
     Jan-20
 Intourist
      100%
    -
    Anex Tour
   Thomas Cook
     Jan-20
 Akbank
      1.9%
    TRY9.3mn
    -
   Minority shareholders
 Jan-20
  Halkbank
   1.5mn
    TRY6.76- 6.81
     @Borsa Istanbul
    Halkbank
                         34​ TURKEY Country Report​ September 2020 ​ ​www.intellinews.com
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