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Turkey M&A Beats BRICs

Europes fastest growing economy lures buyers including Diageo, Goldman.

By Benjamin Harvey, Ercan Ersoy, Bloomberg | Updated on October 06, 2011

Turkey is having its best year for takeovers since 2008, recording better growth than any of the largest emerging markets as Europe’s fastest expanding economy lures buyers from Diageo Plc. to Goldman Sachs Group Inc.

The value of transactions involving Turkish targets has increased 59 percent annually to $8.8 billion, the highest level since Lehman Brothers Holdings Inc. failed in September 2008, according to data compiled by Bloomberg. Deals dropped this year in Brazil, India and China, while mergers and acquisitions grew 50 percent in Russia, the data show.

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