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ARTICLE · 06 JANUARY 2023

Two-minute Recap Of Recent Developments In Turkish Competition Law – December 2022

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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In December 2022, the Turkish Competition Board (the "Board") published two reasoned decisions and approved eighteen merger and acquisition transactions.

TurkeyAntitrust/Competition Law
Bulut Girgin
Bulut Girgin
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In December 2022, the Turkish Competition Board (the "Board") published two reasoned decisions and approved eighteen merger and acquisition transactions.

The highlight of Turkish competition law in December was that the Board initiated a new full-fledged investigation and concluded three on-going investigations, including the much-anticipated extensive investigation of the fast-moving consumer goods industry.

PICHUR

Board fines the FMCG companies for hub-and-spoke cartel

On 21 December, the Turkish Competition Authority announced that the Board had concluded its investigation covering a total of 21 undertakings operating in the FMCG industry, including a spectrum of well-known suppliers such as Coca-Cola, Frito-Lay, Pepsi, Red Bull, Haribo and GlaxoSmithKline, and Turkey's largest supermarkets such as BIM, Carrefour SA, Migros, Sok and A101. The wide-ranging investigation scrutinised the formation of a hub-and-spoke cartel between the aforementioned five

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