The Turkish Competition Authority imposes fines totalling €8.1M on an electricity distributor and its subsidiary for abuse of dominance (Akdeniz EDAS / CLK / Ak Den)

Upon a number of complaints, the Turkish Competition Board (the “Board”) opened an in-depth investigation against Akdeniz Elektrik Dağıtım A.Ş. (“Akdeniz Elektrik”), CK Akdeniz Elektrik Perakende Satış A.Ş. (“CK Akdeniz”) and AK DEN Enerji Dağıtım ve Perakende Satış Hizmetleri (“AK DEN”), which were all part of a single economic entity. The complainants alleged that these companies had abused their dominant position in the relevant market by foreclosing the market to competitors. The Board found that Akdeniz Elektrik, CK Akdeniz and AK DEN had violated Article 6 of the Law No. 4054 on the Protection of Competition (“Law No. 4054”), which is akin to Article 102 of the TFEU, and thus imposed fines on Akdeniz Elektrik and CK Akdeniz in the amount of 1.5% of their 2016 turnover [TRY