The Turkish Competition Board clears a merger between retailers in the bookselling industry (Turkuvaz / D&R)

This case note analyses the Turkish Competition Board’s (“ Board ”) decision of May 29th, 2018 numbered 18-16/293-146 in which the Board assessed the acquisition of Doğan Müzik Kitap Mağazacılık Pazarlama AŞ (“ D&R ” or “ Target ”) and its two subsidiaries, namely, Hür Servis Sosyal Hizmetler ve Tic A.Ş. (“ Hür Servis ”) and AGT Tanıtım Kağıt Ürünleri Sanayive Tic A.Ş. (“ AGT ”), by Turkuvaz TK Kitap ve Kırtasiye A.Ş. (“ TveK ” or the “ Acquirer ”). The Acquirer, TveK, operates in the retail sale of stationery, electronic devices and accessories, toys, and souvenirs through its 132 stores located in 67 cities in Turkey. The ultimate parent company of TveK, namely Zirve Holding A.Ş. (“ Zirve ”) (which is in turn ultimately controlled by Ömer Faruk Kalyoncu), is active in the sectors of newspaper, distribution,

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Authors

  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Quotation

Gönenç Gürkaynak, Esra Uçtu, The Turkish Competition Board clears a merger between retailers in the bookselling industry (Turkuvaz / D&R), 29 May 2018, e-Competitions Bulletin May 2018, Art. N° 91505

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