The Turkish Competition Authority approves the transaction concerning the indirect acquisition of control over a coal and steel company and its business unit for the distribution of steel pipes via a transfer of shares (Van Leeuwen / Benteler)

This case summary concerns an analysis of the Turkish Competition Board’s (“Board”) Van Leeuwen/Benteler decision, in which the Board evaluated the acquisition of sole control over Benteler International Aktiengesellschaft’s (“ Benteler ”) business unit for the distribution of steel pipes (“ Target Companies ”) by Van Leeuwen Buizen Groep B.V. (“ Van Leeuwen ”) through serial transactions. The Board unconditionally approved the notified transaction following its analysis, 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, it would not have any appreciable effect or likelihood to impede competition in any product markets in Turkey. Background The Board initially evaluated the share transfer

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

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

Quotation

Gönenç Gürkaynak, Eda Duru, The Turkish Competition Authority approves the transaction concerning the indirect acquisition of control over a coal and steel company and its business unit for the distribution of steel pipes via a transfer of shares (Van Leeuwen / Benteler), 31 October 2019, e-Competitions October 2019, Art. N° 96511

Visites 47

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues