Turkey posted the second-highest number of merger and acquisition transactions in the first half of 2011 among Central and Southeast European countries, according to a report by Ernst & Young.
The auditing giant estimated that Turkey concluded 130 merger and acquisition transactions worth $6.5 billion during the first six months of the year.
The total volume of such transactions in the whole region totaled $28.9 billion for the same period of time, representing an increase of 117 percent compared to the first six months of 2010, according to the report.
Turkey’s energy sector led the way in terms of merger and acquisition transactions ahead of other sectors.
Banking and telecommunications led the way for the region as a whole.
