Jon Gorvett
Once a premium destination for overseas investors, Turkey’s power sector has recently been struggling with the impact of lower-than-expected growth rates, partial market liberalisation and fixed, long-term natural gas contracts. Power generation firms face further stress as the economic impact of the pandemic bites. Efforts to arrange a new debt restructuring deal have been delayed by the virus and wider economic woes, casting uncertainty over future demand. However, the sector retains some high-grade assets, however, which may attract future investor interest.
Mergers and Acquisitions in the Middle East
Since the drop in oil prices in 2014, GCC countries are undergoing extensive consolidation with the rate of Mergers and Acquisitions (M&A) increasing in value over the last few years. Representing 79% of deal values and 73% of deal volumes for the MENA region in 2018, the six GCC countries represent a formidable opportunity for overseas investors and are far from solely being outbound dealmakers.
