On 4 March 2022, Communiqué No. 2022/2 (the
"Communiqué") amending
Communiqué No. 2010/4 on Mergers and Acquisitions was
published. The Communiqué introduced significant changes to
the Communiqué on Mergers and Acquisitions, including
increased turnover thresholds, a new merger control threshold
specific for technology company acquisitions and modifications to
the current version of the notification form. These amendments will
enter into force two months after the Communiqué publication
date.
Updated Turnover Thresholds
Pursuant to the amendment, as of 4 May 2022, the Competition
Board's approval will be mandatory for transactions where:
- the aggregate of the transaction parties' Turkish turnover
exceeds TRY 750 million (approximately EUR 71.9 million or USD 84.9
million)1 (previously TRY 100 million) and at
least two of the transaction parties' Turkish turnover exceeds
TRY 250 million each (approximately EUR 23.9 million or USD 28.3
million) (previously TRY
