The Turkish Competition Authority releases a report on the fast moving consumer goods retail sector

The Fast Moving Consumer Goods (“FMCG”) Retail Sector has progressed a lot in recent years through minor acquisitions. These minor acquisitions, also known as creeping acquisitions, are slow-going / unobtrusive acquisitions. As a matter of fact, in that sector, a conglomerate, in lieu of acquiring another conglomerate, acquires several small scale enterprises, such as grocers. Nevertheless, these acquisitions are not subject to the authorization of the Competition Board (hereinafter to be referred to as the “Board” or the “CB”) because they do not exceed the thresholds set forth in the Communiqué No. 2010/4 Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board [1] (the “Communiqué No. 2010/4”) which entered into force on January 1st, 2011. Therefore,

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Ercüment Erdem, The Turkish Competition Authority releases a report on the fast moving consumer goods retail sector, 18 April 2011, e-Competitions Bulletin April 2011, Art. N° 37140

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