Rights to squeeze out and rights to sell-out are subject to
different legislations regarding the types of the company as in
non-public company or publicly held company in Turkey. Accordingly,
for a non-public company, those rights are regulated by the Turkish
Commercial Code. On the other hand, for publicly held companies,
which are in fact the essential topic of this article, shall be
subject to the Capital Market Law provisions. With the new
regulation press released by the Capital Market Board regarding
rights to squeeze out and sell out principles has been slightly
changed and shall be effective from 1 July 2014.
According to the terms of the Turkish Capital Market Law; in the
event that shares acquired, as a result of takeover bid or in a
different way including acting together, reach the voting right of
the publicly held company at the minimum rate determined by the
Capital Market Board, the person who is holding that shares shall
gain the right to squeeze out
