VTB Capital hosted a client reception event in Istanbul on December 15th 2016. The event, attended by over 150 senior Turkish business leaders and senior VTB Capital managers, was opened by Mehmet Şimşek, Turkish Deputy Prime Minister, who delivered the keynote speech.
Riccardo Orcel, Deputy CEO of VTB Group, said: “VTB Capital’s focus on expanding our business in the region propelled us to become one of the top 3 M&A advisors to Turkish corporates. We have a busy deal pipeline and anticipate our emerging markets expertise will contribute to the successful execution of complex, cross-border transactions for our Turkish clients”.
Turkey is one of the most important international markets for VTB Capital. VTB Capital is active in lending, M&A, commodities and capital markets. The company has also strengthened its Turkish franchise through the successful execution of structured credit and commodities transactions with a cumulative value of over US$700mn. Recently, the investment bank advised Yildirim Group on the purchase of ports group Tertir, representing the largest ever Turkish investment into Portugal, and China Merchants Holdings International on the acquisition of 65% of modern Istanbul container terminal Kumport, representing the largest ever Chinese investment into Turkey.
The investment bank also enjoys an established relationship with Turkish Ictas Holding, which is one of the bank’s lead contractors for the construction of the new terminal at Pulkovo St. Petersburg Airport, the Western High-Speed Diameter toll road in St. Petersburg, which opened this month, and the Moscow-St. Petersburg M11 construction.
Furthermore, VTB Capital was the first issuer of local currency bonds in Turkey, issuing 2 and 3 year bonds totalling TRY 600 mn.
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