Communiqué No. 2022/2 on the Amendment of Communiqué No. 2010/4 (“ Communiqué No. 2010/4 ”) on the Mergers and Acquisitions Subject to the Approval of the Competition Board (“ Amendment Communiqué ”) has been published on the Official Gazette on March 4, 2022 and will enter into force on May 4, 2022. Below are some remarks and comments in terms of the substantive amendments introduced by the Amendment Communiqué: (I) The Amendment Communiqué raised the Turkish merger control thresholds. A transaction is now notifiable in Turkey if one of the following alternative turnover thresholds is triggered: The aggregate Turkish turnover of the transaction parties exceeding TL 750 million (approximately EUR 71.9 million or USD 84.9 million) and the Turkish turnover of at least two of the transaction
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