The Turkish Competition Authority’s 2024 Mergers and Acquisitions Overview Report has been published. The report, based on data related to the merger, acquisition and privatization decisions taken by the Competition Board, includes the following main observations: 

• The Competition Authority examined a total of 311 merger, acquisition and privatization transactions in 2024. 
• With the exception of privatizations, in 131 of these transactions the target company was based in Türkiye. The total notified transaction value in the transactions examined was 191 billion 917 million TL (5.86 billion USD). The total value for the 6 privatization transactions examined in the same period was around 31 billion 363 million TL (957 million USD) Thus, the total predicted transaction value in the 137 transactions  involving Türkiye-based companies in 2024 was around 223 billion TL (6.81 billion USD).

• In 2024, of the mergers and acquisitions where the target company was Türkiye-based, the highest number of transactions, with a total of 23, was in the field of “computer programming, consultancy and related activities,” while the highest transaction value was in the field of “Retail trade not in stores, stalls or markets”.
• The six privatization transactions examined in this period were related to “electricity, gas, steam and air conditioning supply,” “culture, arts, entertainment, recreation and sports” and various sub-branches of the “manufacturing” sectors, and the highest value privatization transaction was in the field of “culture, arts, entertainment, recreation,”  with around 16 billion 522 million TL.
• In 2024, foreign investors envisioned investing in Türkiye-based companies in 47 separate merger and acquisition transactions. Ranking foreign investors according to the number of transactions puts Netherlands at the top spot with seven transactions, followed by France-based investors with six transactions. In these transactions where the target company was based in Türkiye, the investment value notified by the foreign investors amounted to around 99 billion TL (3.03 billion USD). 

• In addition, 164 merger and acquisitions transactions implemented by foreign companies abroad were examined in 2024. The total notified transaction value in the transactions examined was 17 trillion 186 billion TL (524.34 billion USD). 
• When the total of 211 transactions implemented by foreigners in Türkiye and abroad are ranked according to economic field of activity based on transaction values, the following sectors stand out globally among those that received investment in 2024:
  
  • Computer programming, consultancy and related activities
  • Manufacture of other food products
  • Monetary intermediation
  • Wholesale of agricultural raw materials and live animals
  • Supportive activities for transportation.
   
  
  
• In 2024, the Competition Authority decided on the merger and acquisition transactions notified within an average of 12 days after the final date of notification.  Two transactions were taken under final examination in 2024.