Page 35 - TURKRptNov21

5.2 FDI
Some 7,000 foreigners received Turkish citizenships via home purchases between 2017 and 2020.
Net foreign investment in Turkish real estate in 2020 was $5.7bn. Foreign nationals bought a total of 40,812 homes, down 10% y/y due to the pandemic.
Home sales to foreign nationals leapt 43% y/y to 37,479 units in January-September.
Major M&As in Turkey
Date
Sold
Stake
Price
Buyer
Seller
Jun-22
Ulusoy Un (ULUUN)
2.62%
TRY35mn
Ulusoy Un (ULUUN)
buyback
H1-2022
Sormas
85%
€39mn
RHI Magnesita (London/RHIM)
-
H1-2022
Thyssenkrupp Materials Turkey
full
-
Arvedi (Italy)
Thyssenkrupp (Frankfurt/TKA;London/0O1C)
Nov-21
Ulusal Faktoring
31%
TRY102mn
IPO
PineBridge (US)
Oct-21
Ihlas Haber Ajansi
34%
TRY101mn
IPO
owners
Oct-21
Qua Granite (QUAGR)
2%
TRY55mn
Qua Granite (QUAGR)
buyback
Oct-21
Destek Finans Faktoring
29%
APPLICATION
IPO
owners
Oct-21
Kimpur
30%
APPLICATION
IPO
owners
Oct-21
Isbir Sentetik
30-35%
RE-APPLICATION
IPO
Isbir Holding
Oct-21
Hedef Holding (HEDEF)
20%
TRY118mn
IPO
owners
Oct-21
Anatolia Tani (ANGEN)
21%
TRY517mn
IPO
owners
Oct-21
Gelecek Varlik (GLCVY)
19%
TRY360mn
IPO
Fiba Holding
Oct-21
Aynes Gida
full
-
TMSF
-
Oct-21
Manibux
-
TRY2mn
APY (Albaraka Turk/ALBRK), Ayla Conger, Nilufer Gunhan
Seed Round
Oct-21
Etiya
-
-
Quebecor (Canada)
-
Oct-21
Cigna Sigorta
51%
-
Chubb (Switzerland)
Cigna (New York/CI)
Oct-21
Inoliva
90%
-
Abdi Ibrahim
Eroglu Holding
Oct-21
Etap Enjeksiyon/Dogan
full
-
DW Reusables (Belgium)
Ozgorkey Holding, Dogan Plastik
Oct-21
Philsa Philip Morris
25%
TRY2.89bn
Philip Morris (US)
Sabanci (SAHOL)
Sep-21
Turk Telekom (TTKOM)
55%
RUMOUR
Turkey Wealth Fund (TVF/TWF)
Garanti, Isbank, Akbank
Sep-21
Cement plants
full
$127mn
Cimko (Sanko)
Cimsa (CIMSA)/Sabanci (SAHOL)
Sep-21
Fintech unit
100%
TRY100mn
Yapi Kredi Bank (YKBNK)
LAUNCH
Sep-21
Margun (MAREN)
24%
TRY830mn
IPO
capital increase
Sep-21
Fenerbahce Kalamis Marina
40-year
TRY2.53bn
Tek-Art (Koc/KCHOL)
OIB
Sep-21
Techsign
-
-
Techmine
Fundraising
Sep-21
Quant Wi-Fi
-
-
TT Ventures (Turk Telekom/TTKOM)
-
Sep-21
Sisecam (SISE)
4.90%
TRY1.2bn
Sisecam (SISE)
buyback
Sep-21
Gaziantep City Hospital
majority
RUMOUR
Ronesans
WeBuild (Italy), Kayi
Sep-21
Konya Kagit
SPK
application
IPO
Bera (BERA/ex-Kombassan)
Sep-21
Biotrend Cevre (BIOEN)
5.92%
$20mn
EBRD
-
35 TURKEY Country Report November 2021 www.intellinews.com