On 27 August 2012, the Turkish Competition Board (the “TCB”) made public the reasoning for its unconditional clearance decision on the acquisition of Metlac Holding S.r.l. (“Metlac Holding”) and its subsidiaries by Akzo Nobel Coatings Int. B.V. (“ANCI”), a transaction which has already been cleared by the competition authorities of Cyprus, Brazil, Austria, Pakistan, Russia and Germany but blocked by the competition regulators in the UK [1]. According to the press, this is the first time that the UK competition regulators have blocked a transaction which has been cleared by another national competition regulator in Europe [2]. The TCB’s clearance decision was rendered by a majority of votes on 14 June 2012, with two members dissenting. Prior to the transaction, 49 per cent of Metlac
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The Turkish Competition Authority unconditionally approves an acquisition in the markets for metal packaging coatings and metal decorating inks (Akzo Nobel / Metlac)
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