Garanti-Intesa merger ranked the biggest 10th merger of March.
The news of The Times based on a survey of Thomson Financial, said that the Garanti-Intesa merger was the biggest 10th among the mergers throughout the world amounting to 46 billion dollars and announced in March. In the commentary, The Times specified that the increase in mergers and purchases could be interpreted as an indication of positive tendency in world economy.
The survey of Thomson Financial showed that, in the first 3 months of 2004, Turkey ranked 8th in the highest purchase was experienced. According to the report, Turkey rose above Italy and Portugal with its purchase of 2.3 billion dollars.