March 8, 2018 / 9:53 AM / 2 months ago

Turkey's Unlu & Co plans M&A deals worth $2 billion in first half

ISTANBUL (Reuters) - Turkish financial services group Unlu & Co plans to sign M&A consultancy deals worth around $2 billion in the first half, with one of the deals worth $1 billion, its chairman Mahmut Unlu told Reuters.

He said he expected initial public offerings in Turkey this year to amount to $3 billion, one of the highest ever levels.

“I think we will sign three or four M&A transactions in the first half of the year. One of them will have a volume of $1 billion,” Unlu said in an interview conducted on Wednesday.

The deals by Unlu & Co, which provides investment banking and asset management services, will be notably in infrastructure and consumption sectors, he added.

Reporting by Ebru Tuncay; Writing by Daren Butler; Editing by Ece Toksabay

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