The Turkish Competition Board (“ Board ”) granted conditional approval to the acquisition of sole control over Monsanto Company (“ Monsanto ”) by Bayer Aktiengesellschaft (“ Bayer ”), by way of taking into account the commitments submitted before the European Commission (“ Commission ”). This case summary concerns an analysis of the Board’s Bayer/Monsanto decision  regarding the acquisition of sole control over Monsanto Company by Bayer Aktiengesellschaft. Within the scope of its preliminary review (Phase I), the Board considered that the transaction would result in various affected markets in Turkey in which the parties had relatively high market shares and thus, decided to initiate a Phase II review. Within the scope of its Phase II review, the Board conditionally approved the
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