Page 25 - TURKRptMay20

KPMG said mergers and acquisitions in Turkey totalled $700mn in the first quarter, with a sharp fall in March due to the outbreak. A single deal accounted for $450mn of the volume, pointing to a marked drop from a year earlier.
Ulusoy Un, which has lately ramped up flour production in the face of the coronavirus (COVID-19) outbreak, has mandated consulting firm Pragma to explore strategic partnerships that would include a possible stake sale, two sources close to the matter ​told​ Reuters. One source said the company “might be valued at more than $100mn.”
Major M&As
Date
Sold
Stake
Price
Buyer
Seller
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
Jan-20
Gunes Sigorta
27mn
TRY2.28-2.45
@Borsa Istanbul
Vakifbank
Jan-20
Inteltek
55%
-
Intralot Iberia
Turkcell
Jan-20
Goulette Shipping Cruise
100%
-
GPH - MSC
-
Jan-20
Batiliman
100%
$75-110mn
Habas
Baticim
Jan-20
Neckermann
100%
-
Anex Tour
Thomas Cook
Dec-19
Borsa Istanbul
10%
-
TVF
EBRD
Dec-19
Istanbul Gida
100% TRY77mn
Yasar Serdengecti
Ulker Biskuvi
25​ TURKEY Country Report​ May 2020 ​ ​www.intellinews.com