Recent Changes In The Merger Control System

The year 2013 has been significant for Turkey from a competition law perspective, from increasing transparency in the merger control regime to bringing precision and adopting EU standards.

Amendment of Merger Communiqué

The amendments to the Communiqué Concerning Mergers and Acquisitions Calling for the Authorisation of the Competition Board (2010/4; the "Communiqué") has been enforced as of 1 February 2013. The amendments introduced two changes in the Turkish merger control system.

Thresholds

Mergers or acquisitions ("Transaction") require Competition Board ("CB") approval to be valid if:

1. the total turnover of Transaction parties in Turkey exceed TRY 100 mln (ca EUR 43.5 mln) and turnover of at least two of the Transaction parties in Turkey each exceed TRY 30 mln (ca EUR 13 mln) or;