17 Mayıs 2011 Salı

Global investors eye chances in Turkish firms

Global investors’ interest in the country may boom due to a possible increase in the country’s investment rate after the general elections on June 12, according to Nurdan Toğuş, the chief economist at Ata Invest.
Some major actors are eying investment opportunities in Turkish companies, which promise strong growth, Toğuş said at the Investment Conference organized by her company Monday.

The conference hosted some 30 large foreign investors, which had bilateral talks with Turkish companies.
“We expect Turkey’s rate to be increased to the investment level,” she told the Hürriyet Daily News on the sidelines of the conference. “Foreign investors here would like to know plans of Turkish companies for the next year.”

“These 30 companies from 20 countries manage more than $1 trillion in total,” said Korhan Kurdoğlu vice chairman of Ata Invest indicating that Turkey is already on the way to become a regional finance center.

Representatives of leading companies such as Şişecam, TAV Airports, Ülker Group, Aygaz, Turcas, Tüpraş, Garanti Bank, Turkcell, Koç Holding, Banvit, Akçansa, Yapı Kredi Bank, Pınar Group, Tekfen Holding, Türk Telekom, Ford Otosan and TAT held meetings with 30 foreign investors during the bilateral meetings.

TAV Airports held one-to-one business meetings with possible investors including EMM Dobrinka Cidrof, Australian property development giant Goodman Group, Columbia Wanger and Kuwait Investment Authority, Daily News learned. Turkey’s largest mobile phone operator had meetings with representatives of EMM Dobrinka Cidrof and United Kingdom’s largest global emerging markets investment trust Templeton.

The largest conglomerate of Turkey, Koç Holding had meetings with potential investors such as British emerging market investment company Ashmore and New York-based company known as the leading fund managers of Egyptian securities, Concorde International.

Turkey’s state owned bank also held meetings with Templeton and U.S based Investment Company Firebird and Kuwait Investment Authority and Japanese Dai-Ichi Life Insurance Company. Akçansa, owned by Sabancı Cement Group, attracted global investors such as Columbia Wanger, Ashmore and Goodman.

“Nearly 40 new Turkish firms will be traded on Istanbul bourse this year,” said Hüseyin Erkan, chairman of Istanbul Stock Exchange noting that 20 applications to the bourse are still pending. “We are trying to increase the awareness the advantages that capital market could provide for Turkish firms,” said Erkan addressing the investors.

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