The Turkish Competition Authority does not fine the notifying party for providing misleading information and approves the acquisition (Jacobs Group / Kasap Family / Jacobs TR)

This case summary concerns an analysis of the Board’s Jacobs decision, [1] in which the Board evaluated the notification submitted by Jacobs TR, regarding the transaction by and between Jacobs Group, Kasap Family and Jacobs TR, a wholly owned subsidiary of Jacobs Group, which intended to acquire 100% of the shares in, and thus sole control over, Of Çaysan. The Board unconditionally approved the notified transaction by way of concluding that the transaction would not result in the creation or strengthening of a dominant position in any product markets in Turkey, and, in any case, that it would not have an appreciable effect or likelihood to impede competition in any product markets in Turkey. Background Jacobs TR is active in Turkey in terms of the marketing of coffee products, whereas

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Authors

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

Quotation

Gönenç Gürkaynak, Onur Özgümüş, The Turkish Competition Authority does not fine the notifying party for providing misleading information and approves the acquisition (Jacobs Group / Kasap Family / Jacobs TR), 17 October 2018, e-Competitions October 2018, Art. N° 96504

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