Introduction
The Turkish Competition Authority
("TCA") has introduced
significant changes to the rules applicable to transactions that
are subject to the Turkish Competition Board's
("Board") approval. The changes
have been entered into force with Communiqué No. 2026/2
amending the Communiqué No. 2010/4 on the Mergers and
Acquisitions Subject to the Approval of the Competition Board,
published in the Official Gazette on February 11, 2026
("Amended Communique No.
2010/4").
New Jurisdictional Thresholds
Based on the amendments, transactions are now required to be
notified in Turkiye if one of the following alternative turnover
thresholds is met:
- The combined aggregate Turkish turnover of all the transaction
parties exceeds TL 3 billion (approximately USD 76 million and EUR
67.2 million) and the Turkish turnover of each of at least two of
the transaction parties exceeds TL 1 billion (approximately USD
25.3 million and EUR 22.4 million), OR