The Turkish Competition Authority (“TCA”) has published its Mergers and Acquisitions Overview Report for 2022 (“Report”) on January 6, 2023. For ease of reading, we will refer to M&As as mergers. The Report offers an overview of the TCA’s work on mergers and provides comparisons with previous years in aspects such as (i) position of Turkish and foreign companies in the market, (ii) origins of the investors and (iii) total number and value of the transactions notified to the TCA based on sectors. As detailed below, this year has witnessed a decrease in the number of notified mergers while foreign investors have maintained their interest in Turkish markets. Merger Reviews in Numbers In 2022, the average review period in which the notified mergers were decided upon was 15 days following
The Turkish Competition Authority publishes mergers and acquisitions overview report for 2022
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