The Turkish Competition Authority approves a joint venture in the construction services market (Goldman Sachs-TAV Yatýrým Holding)

In its decision dated 12 June 2008 and numbered 08-39/513-188, Turkish Competition Board (hereinafter referred as “Board”) unconditionally cleared the creation of a joint venture between Goldman Sachs International Bank (hereinafter referred as “Goldman Sachs”) and TAV Yatýrým Holding A.Þ. by acquisition of 33,34 % of shares of TAV Tepe Akfen Yatýrým Ýnþaat ve Ýþletme A.Þ. (hereinafter referred as “TAV”), the joint venture company (hereinafter referred as “JVC”) by Goldman Sachs. The purpose of the concentration was to transfer the 33,34 % of the shares of JVC owned by TAV to Goldman Sachs and to create a joint venture with the joint control of the parties. The transaction contains two stages: The first stage is related to the transfer of the shares of JVC to Goldman Sachs and the second stage

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.

 

PDF Version

Author

Quotation

Ercüment Erdem, The Turkish Competition Authority approves a joint venture in the construction services market (Goldman Sachs-TAV Yatýrým Holding), 12 June 2008, e-Competitions Bulletin June 2008, Art. N° 21925

Visites 2071

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues