The Turkish Competition Board Rejects an acquisition of the Marinas (Beta Marina / Setur)

The Competition Board (“Board”) has rejected the acquisition of the full shares of Beta Marina Liman ve Çekek İşletmesi A.Ş. (“Beta Marina”) and Pendik Turizm Marina Yat ve Çekek İşletmesi A.Ş. (“Pendik Turizm”) by Setur Servis Turistik A.Ş. (“Setur”) in accordance with Art. 7 of Act No. 4054 on the Protection of Competition (“Competition Act”) in its decision [1] dated 09.07.2015 and numbered 15-29/421-118. Parties of the Transaction Pursuant to the information examined by the Board, the acquired party, Setur, was incorporated within Koç Holding A.Ş. (“Koç Holding”) in 1965, and is active in the tourism sector. Koç Holding operates nine marinas, two of which operate under joint control. One of the acquired parties, Beta Marina, is indirectly embodied within Yıldız Holding A.Ş., and operates the marina by

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Ercüment Erdem, The Turkish Competition Board Rejects an acquisition of the Marinas (Beta Marina / Setur), 9 July 2015, e-Competitions Bulletin July 2015, Art. N° 78845

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