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TCA’s 2025 Mergers and Acquisitions Overview Report

The Turkish Competition Authority published its 2025 Mergers and Acquisitions Overview Report

On 7 January 2026, the Turkish Competition Authority (TCA) published its 2025 Mergers and Acquisitions Overview Report, setting out key statistics on merger, acquisition, and privatisation decisions adopted by the Turkish Competition Board.

Building on the TCA’s data, we have prepared a concise overview highlighting the main figures and trends, including:

  • transaction volumes and values
  • investor geography
  • sector-specific developments
  • key procedural aspects of merger control review

2025 stands out as a landmark year for merger control in Türkiye, with total transaction values reaching their highest level since 2013, both in TRY and USD terms.

Our overview below provides a clear, data-driven snapshot of merger and acquisitions, and privatisation activity reviewed by the TCA in 2025. The English version of the TCA’s official report is available on its website.

TCA's 2025 Mergers and Acquisitions Overview Report