Turkish IPOs to suffer as Erdoğan consolidates power

Sam Kerr

July 12, 2018 03:30 pm

Erdogan_PA_230x150 — Turkey's President and leader of ruling Justice and Development Party Recep Tayyip Erdogan addresses his supporters from his Tarabya Palace in Istanbul, late Sunday, June 24, 2018. Erdogan has claimed victory in critical elections based on unofficial results, securing an executive presidency with sweeping powers. Photo by Depo Photos/ABACAPRESS.COM | Depo Photos/ABACA/ABACA/PA Images

The outlook for Turkish IPOs is bleak after the country’s president, Recep Erdoğan, appointed a new cabinet which included his son-in-law as new finance minister.

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Topics

Central and Eastern Europe (CEE)Turkey Equity IPOs Equity Europe Emerging Markets CEE Equity EMEA CEE

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Sam Kerr