Turkey may limit
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Turkey is poised to see the pace of takeovers slow by 50 percent as the government struggles to contain a corruption scandal that has roiled currency and equity markets.The value of deals in Turkey announced this year may fall by half from 2013, when companies led $17.5 billion of takeovers, Kerim Kotan, managing director of Pragma Corporate Finance, which worked on 11 transactions last year, said in an interview. Turkey accounted for about 12 percent of deals in Eastern Europe last year, as purchasers including Germany's Allianz SE and Japan's Panasonic Corp. acquired assets in the country, according to data compiled by Bloomberg.Among the companies that may be sold this year are shipping company U.N. Ro-Ro Isletmeleri AS, drugmaker Sanovel Ilac Sanayi & Ticaret AS, food retailer Migros Ticaret AS, and national lottery company Milli Piyango, according to Gokce Kabatepe, an M&A banker and a managing director at Raiffeisen Investment in Istanbul.
Turkey may limit
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