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ARTICLE · 11 JANUARY 2022

Two-Minute Recap Of Recent Developments In Turkish Competition Law – December 2021

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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In December 2021, the Turkish Competition Board (the "Board") approved 23 merger control filings and published 40 reasoned decisions. In all, 2021 was a busy year for merger control activity in Turkey.

TurkeyAntitrust/Competition Law
Bulut Girgin
Bulut Girgin
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Year in review: Merger control activity

A total of 309 merger and acquisition transactions were examined by the Competition Authority in 2021, which is a significant 40% increase over 2020, which saw 220 merger control filings. According to data on the origin of the transaction parties, 52 of the 309 transactions in 2021 were between parties established in Turkey, and 175 transactions were between companies established in accordance with the laws of foreign countries. In 67 transactions, at least one of the parties was a Turkish company and one of the parties was a foreign company. The total transaction volume for 2021 was around EUR 2.7 billion.

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