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ARTICLE · 27 FEBRUARY 2024

Overview Of The Turkish Competition Authority's Merger Control Enforcement In 2023

Kolcuoglu Demirkan Koçakli
Kolcuoglu Demirkan Koçakli
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Kolcuoglu Demirkan Koçakli

Kolcuoglu Demirkan Koçakli

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The Turkish Competition Authority (the "TCA") published its annual "Mergers and Acquisitions Overview Report" (the "Report") on 5 January 2024.

TurkeyAntitrust/Competition Law
Ali Tunçsav
Ali Tunçsav
Doğa Seylan
Doğa Seylan
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The Turkish Competition Authority (the "TCA") published its annual "Mergers and Acquisitions Overview Report" (the "Report") on 5 January 2024. The Report presents data related to mergers and acquisitions examined by the Competition Board ("Board") during 2023 and helps to observe the trends in TCA's merger control enforcement.

M&A Transactions in Numbers:

In 2023, the TCA reviewed 217 transactions with a total value of approximately TRY 57.525 trillion (approx. USD 2.4 trillion)1 . 48 of these transactions involved only Turkish parties, while 118 transactions involved solely foreign parties. Three of these transactions were privatizations.

  • Compared to 2022, the total number of notified transactions has decreased from 245 to 217, which constitutes a 12% decrease. The total number of transactions reviewed in 2023 is also shortly below the ten-year average of 219.

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© Kolcuoğlu Demirkan Koçaklı Attorneys at Law 2020

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