The Turkish Competition Authority clears a merger in the retail distribution market subject to one of the parent companies refraining from activity in the relevant market (Migros Metro)

The operation Migros and Metro are both active in the retail sector in Turkey. The transaction is the establishment of 5 joint ventures by and between Migros and Metro for which purpose the Parties had entered into an agreement (“Agreement”) on December 1, 1997. According to the Agreement the Parties had agreed on the following transactions which resulted in the establishment of the subject matter joint ventures; (i) the acquisition of 50% of the share capital, and thus the joint control of Praktiker Yapý Malzelemeleri A.S. which, prior to the closing, is under the sole control of Metro and which will

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Zümrüt Esin, The Turkish Competition Authority clears a merger in the retail distribution market subject to one of the parent companies refraining from activity in the relevant market (Migros Metro), 19 March 1998, e-Competitions March 1998, Art. N° 21926

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