Publicity of the Notified Transactions under Turkish Merger Control Regime

Pursuant to Article 12 of Communiqué No. 2010/4 Concerning Mergers and Acquisitions Calling for the Authorization of the Competition Board, the Turkish Competition Authority (Authority) will make a public announcement on its official website regarding transactions that have been notified to the Authority together with the undertakings concerned and their fields of operation upon receiving the merger control filings. With this first announcement, third parties are invited to provide comments, if any, on the transaction. To ensure the protection of business secrets, the parties are requested to provide a non-confidential description of the transaction within the template merger control filing and to identify any confidential information in the notification.

When a decision is rendered by the Turkish Competition Board (Board), a second announcement is made on the Authority’s website, which will include a non-confidential version of the Board’s reasoned decision after the confidential information regarding the parties and transaction is redacted. For that reason, the level of detail in reasoned decisions varies considerably.

For more information on publicity of the notified transactions under Turkish merger control regime, please feel free to reach out to ELIG Gurkaynak at +90 212 327 1724 or through gonenc.gurkaynak@elig.com.