Introduction
The Turkish Competition Authority (the
"TCA") amended the Communiqué
governing the Turkish merger control implementation
(Communiqué No. 2010/4 on Mergers and Acquisitions Requiring
the Approval of the Competition Board
("Communiqué")) on February 24,
2017. While there is no change to the currently applicable
notification thresholds, the amendments concern the regime for
successive transactions as well as for the change of control
through stock exchange operations.
We provide below, a brief summary on the relevant amendments as
well as the expected implications.
Background Info / Amendments on the Merger Control Regime
The TCA reviews the merger control thresholds every two years
and the deadline for the TCA to confirm or revise the thresholds
was scheduled for the beginning of 2017. While expecting the merger
thresholds to be revisited, under the recent amendment, the
TCA;
