M&A deals in Turkey double to $12bn in 2025

The value of mergers and acquisitions (M&A) in Turkey doubled year on year in 2025, with transaction volumes reaching their highest since 2013.

Deal value, excluding privatisations, came to $11.8 billion last year versus $5.9 billion in 2024, the Turkish competition authority said in a statement.

The regulator reviewed 416 merger, acquisition and privatisation transactions during the year.

Foreign investors completed 55 M&A deals worth $7 billion with Turkish-owned companies. German investors ranked first with nine transactions, followed by French investors with six. 

Nineteen privatisation deals were concluded last year, with a combined value of $2.7 billion, the statement said.

The largest privatisation, valued at 54.6 billion lira ($1.3 billion), occurred in the power sector.

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Seven of the privatisations were carried out by the state-backed Savings Deposit Insurance Fund.

In October the International Monetary Fund revised upward its economic growth forecast for Turkey to 3.5 percent for 2025 from its earlier estimate of 3 percent.

The growth forecast for 2026 was hiked to 3.7 from 3.3 percent.