New Regulation By The Turkish Competition Authority: Turnover Thresholds For Mergers And Acquisitions Have Been Revised!

The Communiqué Amending the Communiqué on Mergers and Acquisitions Requiring the Approval of the Competition Board (the "Amending Communiqué"), prepared by the Competition Board, entered into force on February 11, 2026. The Amending Communiqué introduces changes to the definitions of "undertakings concerned (ilgili teşebbüs)" and "transaction parties (işlem tarafı)", as well as to the turnover thresholds for mergers and acquisitions subject to approval of the Competition Board.

Undertakings Concerned and Transaction Parties

Under the Communiqué on Mergers and Acquisitions Requiring the Approval of the Competition Board (the "Communiqué"), the term "undertakings concerned" was defined as "the merging parties in merger transactions, and the acquirer or the persons or economic units subject to the transfer in acquisition transactions." This definition was particularly important for determining which undertakings would be considered for the turnover thresholds.