The Turkish Competition Board clears a conglomerate merger by granting unconditional approval to the transaction (Vive / Toyota)

This case note analyses the Turkish Competition Board’s (the “ Board ”) Vive B.V./Toyota decision of 6 April 2017 numbered 17-12/143-63 regarding the transaction by which Toyota Industries Corporation (“ TICO ”), through its subsidiary Toyota Industries Europe AB (“ Toyota Europe ”) will acquire all shares and sole control over Vive B.V. (“ Vive ”), the ultimate parent company of Vanderlande Industries Holding B.V. (together with its subsidiaries “ Vanderlande Group ”). The Board evaluated the notification within the scope of Article 7 of the Law No. 4054 on the Protection of Competition (“ Law No. 4054 ”) and granted unconditional approval to the transaction by concluding that it does not raise any competition law concerns. In the light of the activities of the

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Authors

  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Quotation

Gönenç Gürkaynak, Esra Uçtu, The Turkish Competition Board clears a conglomerate merger by granting unconditional approval to the transaction (Vive / Toyota), 6 April 2017, e-Competitions Bulletin April 2017, Art. N° 91504

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