Greece and Turkey agree to step up bilateral contact

Publication

Capital.gr

Category

Markets

Capital.gr reported on the theme "Greece and Turkey agree to step up bilateral contact", part of a wave of press attention in 2010 and 2011 to economic and financial links between Turkey and Greece, and to the possibility of cross-border investment between the two markets.

The coverage appeared against the backdrop of the Greek sovereign debt crisis. As the country entered a financial support programme, its banks faced pressure on funding and capital, and the government launched a programme of privatizations and asset sales. Investors in neighbouring markets, Turkey among them, were widely discussed as potential participants in the restructuring of the sector.

Turkey, for its part, had come through the 2001 banking crisis with a stronger, better-capitalized banking system and a record of foreign investment in financial services. That experience made Turkish institutions and entrepreneurs a natural subject of speculation whenever Greek assets were discussed, and it is the reason items like this one drew attention on both sides of the Aegean.

For User Corporation the subject is closely related to everyday work. The firm advises Turkish and international clients on acquisitions, privatizations, private equity and debt finance, and banks and financial institutions are among the 18 sectors we cover. From Istanbul, with strategic partners in Greece and five other countries, we support clients on both sides of a cross-border transaction: assessing targets, structuring offers, coordinating due diligence and managing the regulatory path.

Our view is that sound cross-border investment rests on patient preparation rather than headlines: a clear strategic rationale, realistic valuation, early engagement with regulators and a partner network that understands local practice. Press speculation and completed transactions are different things, and we encourage clients to treat the former as context only.

The coverage reflects the reporting and views of the publication at the time of release, and the original text is available through the link below. Where the original is in Greek, the title and summary here are in English.

The original item is available at its source. For interview requests or further information, please contact the team.