Page 21 - TURKRptFeb21

5.1.4 Gross intl reserves
Turkish central bank’s net reserves, excluding swaps, stood at a deficit of $52bn at the end of October, and at $48bn at end-2020.
5.2 FDI
Major M&As in Turkey
Date Sold Stake Price
Jan-21 13MW Gumuskoy geothermal 100% - Jan-21 USK 100% $63mn Jan-21 Isik Plastik 21.8% TRY52mn Jan-21 Durumle - - Jan-21 50MW gas/Congo - - Jan-21 Migros (MGROS) 11.8% TRY941mn Jan-21 BluTV 2.77% -
Buyer
Albioma(France)-Egesim Ak-Kim (Akkok)
@Borsa Istanbul Mediterra/Netherlands Aksa Enerji (AKSAE) @Borsa Istanbul Twozero
Discovery/US Ariana/UK Motherson/India Demiroren McKinsey/US banks
Re-Pie
IMCD/Netherlands
Seller
BM Holding -
IPO
privatization
BC Partners/UK
-
-
Ozaltin, Proccea
Founder Erol Senol
privatization
Aygaz
fire sale/execution
Gulf/Luxemburg -
The sale of Turkish McDonald’s franchise was postponed due to pandemic.
The volume of M&A transactions in Turkey reached $9bn in 2020, marking a 70% y/y rise, according to a report by Deloitte.
Jan-21 BluTV
Jan-21 Kiziltepe gold mine JV
Jan-21 PlasMet
Jan-21 Azerbaijan lottery
Jan-21 Aykargo
Jan-21 30 shopping malls
Jan-21 Turknet Jan-21 Ejder Kimya
35% - 53% $37.75mn 75% -
- - 20% -
claim claim
40% - - -
21 TURKEY Country Report February 2021
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