This case summary concerns an analysis of the Turkish Competition Board’s (“Board”) IGA Akaryakıt/THY/Total/Zirve decision, in which the Board evaluated the acquisition of joint control over IGA Havalimanı Akaryakıt Hizmetleri A.Ş.’s (“IGA Akaryakıt”) shares by Türk Hava Yolları A.O. (“THY”), Total Oil Türkiye A.Ş. (“Total”), and Zirve Holding A.Ş. (“Zirve”) through a capital increase, which would result in joint control over IGA Akaryakıt by THY, Total, and Zirve, along with the existing shareholder, CMLKK Liman Isletmesi A.Ş. (“Liman A.Ş.”). Although acknowledging that the transaction would result in the creation or strengthening of a dominant position in some of the relevant product markets in Turkey, the Board unconditionally approved the transaction by concluding that, the transaction would not lead to a
Share on
|
|
The Turkish Competition Authority acknowledges that market shares are not the sole indicators of market power and grants an unconditional clearance to the acquisition of a company in the energy sector (IGA Akaryakıt / THY / Total / Zirve)
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.
