Turkish Competition Authority – Merger Control Communiqué Updated

With the Communiqué Amending the Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board (Communiqué No. 2010/4) ("Communiqué No. 2026/2" or the "New Communiqué"), published in the Official Gazette on February 11, 2026, the key definitions and turnover thresholds that play a critical role in determining transactions subject to the Turkish Competition Board's ("Board") authorization have been updated. The New Communiqué also introduces provisions that directly affect practice in relation to the assessment of joint ventures, notification procedures, and transactions pending review.

The most significant change is the increase in the turnover thresholds applicable to notifiable transactions. Accordingly, Board authorization will be required for a transaction to become legally effective if (i) the parties' aggregate turnover in Türkiye exceeds TRY 3 billion and the turnover in Türkiye of at least two parties each