Acquisition of an undertaking by a person or another undertaking
through privatization is a merger and acquisition in accordance
with LPC art.7. Therefore, mergers and acquisitions that are
considered illegal and invalid as specified in Article 7 will also
be applied to said mergers through privatization.
Privatization transactions are carried out by the Privatization
Administration (PA). In addition, the legislation to which
privatization transactions are subject is the Privatization Law No.
4046. LPC, on the other hand, is a law that was later removed from
the Privatization Law. Therefore, the Privatization Law including
provisions on protecting of competition will not lead to a change
in the fact that the provisions of the LPC will be applied to a
concrete event. In fact, it will strengthen the situation in
question even more. As a matter of fact, following the emergence of
various hesitations in the doctrine on the existence of a parallel
regulation with articles
