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Erdem Basci has cut interest rates to ease the pressure on the Turkish lira |
Goldman Sachs doesn’t move into countries very often, so when it does it’s a sure bet the investment bank sees a lucrative opportunity.
Its newest global office in Istanbul – the 26-floor Tekfen Tower in the Levent financial district – opened in early January, ahead of what could be yet another bumper year for privatizations and mergers and acquisitions in the country.
Some $28 billion of privatizations and private-sector M&A transactions were completed in Turkey last year – the highest total value of deals since 2005 when $38 billion of deals were struck.
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