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ARTICLE · 12 JANUARY 2022

Turkish Competition Authority Publishes Its M&A Overview Report For 2022

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On 7 January 2022, the Turkish Competition Authority's ("Authority") Mergers and Acquisitions Overview Report for 2021 ("Report") was published on the Authority's website.

TurkeyAntitrust/Competition Law
Hakan Özgökçen
Hakan Özgökçen
Esen Ergül
Esen Ergül
Cem Buran
Cem Buran
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New development

On 7 January 2022, the Turkish Competition Authority's ("Authority") Mergers and Acquisitions Overview Report for 2021 ("Report") was published on the Authority's website.1 The Report includes a comprehensive overview of merger control in Turkey in 2021 by providing statistics of merger control cases in 2021 and comparisons with previous years.

Letting the numbers talk

In 2021, the Competition Board ("Board") examined a total of 309 mergers and acquisitions and the total value of the notified transactions was approximately TRY 5.8 trillion.2 Both the number and the value of the notified transactions in 2021 increased dramatically (compared to 220 transactions with a total value of TRY 2.7 trillion3 in 2020). One of the reasons for this increase could be the devaluation of the Turkish lira and, thereby, the decrease in the turnover thresholds in terms of foreign currencies.

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