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ANKARA - The value of disclosed mergers and acquisitions in Turkey was some $5.3 billion in 2024, with the total rising to around an estimated $10.1 billion including those undisclosed, M&A advisory partner KPMG Turkey said on Thursday.
Turkey's recent economic policies positively impacted on M&A activities with an increase in transaction volume throughout 2024, KPMG Turkey said, adding that it predicts the positive momentum will be maintained in 2025.
2023 M&A disclosed deals totalled $2.8 billion, rising to $7.5 billion including those undisclosed, it said.
Investors are interested in telecommunications, industrial production and automotive sectors in Turkey, and interest in these sectors will continue in 2025, KPMG Turkey's M&A advisory partner, consumer goods & retail leader Ozge Ilhan Acar said.
A German company is interested in several Turkish insurance companies, and there may also be some movement in Turkey's banking sector in 2025, Acar said.
(Reporting by Ebru Tuncay, Writing by Huseyin Hayatsever; Editing by Daren Butler)