The Turkish Competition Board clears a merger in view of coordination effects (Akpol / Promak)

The Competition Board (“Board”) in its decision dated 02.12.2015 and numbered 15-42/687-244 (“Decision”) analyzed the notification of a transaction, which requires the authorization of the Board in order to gain validity pursuant to Art. 7 of the Act on the Protection of Competition dated 07.12.1994 and numbered 4054 (“Competition Act”). Parties of the Transaction The transaction is regarding the purchase of forty percent of the shares of Promak Enerji Sanayi ve Ticaret A.Ş. (“PROMAK”) that is owned by Prima Energy Trading LLC (“PET”), by Akpol İnşaat Mühendislik Proje ve Ticaret A.Ş. (“AKPOL”). PET is controlled indirectly by Gazprom Export LLC (“GAZPROM”) (“Transaction”). Background of the Transaction The adoption of Natural Gas Market Law numbered 4646 aimed to established a transparent and

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Ercüment Erdem, The Turkish Competition Board clears a merger in view of coordination effects (Akpol / Promak), 2 December 2015, e-Competitions Bulletin December 2015, Art. N° 79882

Visites 130

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues