The Turkish Competition Authority issues a decision on the analysis of alleged price coordination of undertakings in the welding sector underscoring the importance of economic analysis when investigating infringement complaints (Magmaweld / Oerlikon / Askaynak / Gedik)

I Introduction On July 29, 2019 a complaint was brought to the Turkish Competition Authority’s (“Authority”) attention, which alleged that certain undertakings operating in the welding sector acted together and subsequently violated the Law No. 4054 on the Protection of Competition (“Law No. 4054”). The complaint claimed the following: As per the Turkish Commercial Registry Gazette’s announcement on July 11, 2019, 33.71% and 15.86% of Kaynak Tekniği Sanayi ve Ticaret A.Ş.’s (“ASKAYNAK”) shares, held by Eczacıbaşı Holding A.Ş. and Eczacıbaşı Yatırım Holding A.Ş. (together, “ECZACIBAŞI GRUBU”) respectively, had been acquired by Lincoln Electric France S.A.S. (“LINCOLN”). Following this acquisition, LINCOLN now owned 99.57% of ASKAYNAK’s shares in total, together with its previously owned 50% shareholding;21%

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Authors

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

Quotation

Gönenç Gürkaynak, Cigdem Gizem Okkaoglu, Cansu İnce, Evgeniya Deveci, Petek Guven, The Turkish Competition Authority issues a decision on the analysis of alleged price coordination of undertakings in the welding sector underscoring the importance of economic analysis when investigating infringement complaints (Magmaweld / Oerlikon / Askaynak / Gedik), 8 April 2021, e-Competitions April 2021, Art. N° 106950

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