2023 Merger Control Wrapped: Turkish Competition Authority Publishes Its M&A Overview Report For 2023

On 5 January 2023 (Friday), the Turkish Competition Authority (TCA) published on its website the M&A Overview Report for 2023 ("Report"), accessible here in Turkish. As a practice going back 11 years, the TCA publishes this report each year to provide statistical information on the concentrations that were on its radar through merger control filings. As before, the Report enables us to better understand the TCA's merger control workload and relevant trends.

Below are our key takeaways from the Report:

• Caseload in numbers: In 2023, the Turkish Competition Board (TCB) reviewed 217 transactions — where this number was 245 in 2022. This is an 11% decrease in the number of transactions reviewed. As such, the peak caseload of 310 filings in 2021 seems to be left behind following the increase of the jurisdictional thresholds in 2022.¹ This year's figure of 217 is also slightly lower than the average number of reviewed filings in the last decade (219). However,