January 3, 2020 / 7:27 AM / 23 days ago

KPMG says 2019 Turkish M&A volume at $2.9 bln, lowest in 15 years

ANKARA, Jan 3 (Reuters) - The volume of Turkish mergers and acquisistions hit its lowest level in 15 years at $2.9 billion in 2019, KPMG said, but added that it expected a gradual increase in the volume of the transactions in 2020.

KPMG said the infrastructure and construction sectors, along with the industrial production, automotive and retail sectors were the leading M&A transactions in 2019 in terms of volume. (Reporting by Ebru Tuncay and Birsen Altayli; Writing by Tuvan Gumrukcu)

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