BlackRock Inc. is the top investor in the first of what could be a bumper year for Turkish initial public offerings. The world's biggest asset manager bought more stock than any other investor in Istanbul-based Enerjisa Enerji AS as Turkey's largest electricity distributor priced its offering at the bottom end of its expected range.
Despite political turbulence and security worries, Turkey remains an attractive market for venture capital investors thanks to its prime location, its young, educated workforce, and the depth of Turkish entrepreneurship, according to seasoned market-watchers.
Turkeyâs renewable energy sector will attract nearly $28 billion investments by 2020, according to a new report by the World Bankâs IFC arm
NBK Capital Partners is pleased to announce the closing of two mezzanine loan investments. The firm facilitated the acquisition of Qimam El Hayat International Schools LLC (Qimam El Hayat), a K-12 American curriculum school in Saudi Arabia and invested in Perkon Personel Kontrol Barkod Sistemleri Bilgisayar Yazilim Elektronik A.S. (Perkon) in Turkey marking the firm’s ninth and tenth mezzanine investments.<br />
OMV AG, central Europe's biggest oil and gas company, has got initial bids from Vitol SA and Trafigura Group Pte for its Turkish fuel retailer OMV Petrol Ofisi AS, people with knowledge of the matter said. Opet Petrolculuk AS, the State Oil Co. of the Azerbaijan Republic and private equity firms are also among the companies that made offers, said the people, who asked not to be identified because the process isn't public. BP Plc and Saudi Arabian Oil Co., known as Aramco, are also weighing bids, the people said. A sale could value the business at about $1.2 billion, two of the people said. No final decisions have been made and these companies may not submit successful bids, they said.
When people talk about emerging markets, they usually think about China, India, Russia, Indonesia, Turkey or Saudi Arabia. And, while most also include Brazil in this list, they seldom mention other booming Latin American countries.
<p>When people talk about emerging markets, they usually think about China, India, Russia, Indonesia, Turkey or Saudi Arabia. And, while most also include Brazil in this list, they seldom mention other booming Latin American countries. This trend is clearly seen in the allocation of venture capital, which poured almost $12 billion into China venture capital funds in the first half of the year, compared to less than $220 million for Latin America, a recent TechCruch article commented.</p>
Russia's multi-billion dollar sovereign wealth fund has announced it is ready to take part in a Turkish-Russian joint investment fund, just hours before presidents of the two countries meet in St. Petersburg.
Eurasian Minerals Inc. (TSX VENTURE:EMX)(NYSE MKT:EMXX) (the "Company" or "EMX") is pleased to announce the sale of AES Madencilik A.S., the wholly-owned EMX subsidiary that controls the Akarca gold-silver project (the "Property") in western Turkey, to Çiftay Insaat Taahhüt ve Ticaret A.S. ("Çiftay"), a privately owned Turkish company.
Israel and Turkey announced on Monday they would normalize ties after a six-year rupture, a rare rapprochement in the divided Middle East driven by the prospect of lucrative Mediterranean gas deals as well as mutual fears over growing security risks.