Significant Amendments To The Communiqué On Mergers And Acquisitions

With the Communiqué (Communiqué No: 2026/2) ("Update"), published by the Turkish Competition Authority ("Authority") in the Official Gazette dated 11 February 2026 and numbered 33165, which foresees amendments to the Communiqué Concerning Mergers and Acquisitions Requiring the Approval of the Competition Board (Communiqué No: 2010/4), significant changes have been introduced for the purpose of determining the transactions subject to the approval of the Competition Board.

In addition to the update of the turnover thresholds set for transactions requiring notification, significant changes have been introduced that will have important practical consequences and will directly affect both the number of transactions and the Board's review practice, such as the redefinition of the concept of transaction party, the restructuring of the technology undertaking exception, the explicit regulation of coordination analysis in joint ventures, the simplification of the notification