Turkish merger and privatization regime: An overview

Erdem, Ercüment

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8 Feb 2007

Turkish merger and privatization regime: An overview

KEYWORDS

Following the recent developments in Turkish economy, investment growth has been boosted by a series of financial reforms liberalization of regulations within Turkish market. Thus, there has been a wave of major mergers and acquisitions in Turkey during last decade. The domestic and international actors have been very active in M&A. This merging and acquiring movement not only been effective in private sector but after a long and drawn down process the privatization of many public companies has either launched or completed. Legislation Article 7 of the Act on Protection of Competition is the general clause regulating the prohibitions concerning the mergers and acquisitions. The Competition Board (“CB”) has issued secondary legislation on concentrations in general and regarding