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Alarko Chief Sees Consolidation of Turkish Companies, Dunya Says

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Nov. 30 (Bloomberg) -- Company consolidation will be a main theme in Turkey next year as indebted businesses are forced to sell, Alarko Holding Chief Executive Officer Ayhan Yavrucu said in an interview with Dunya.

Turkish companies should be aggressive in expanding into the Middle East and Africa, where opportunities for growth abound, Yavrucu told the Istanbul-based newspaper.

Maintaining liquidity in the next two years will be crucial; global spending cuts will affect Alarko’s results, though the company still expects to grow in 2012, Dunya cited him as saying.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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