The Turkish Competition Authority cleared - ex post - a merger in the logistics services market while requesting annulation of a non-compete clause after the termination of the joint-venture (TNT-Koc Group)

The operation TNT Turkey was under the joint control of Koc Group and TNT prior to the transaction. The main field of business of TNT Turkey is the logistics services. The Parties to the transaction are active in the relevant market only through TNT Turkey. Prior to the transaction, TNT held 50% of the share capital of TNT Turkey whereas the remaining 50% was held by Koc Group. The transaction is the

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Zümrüt Esin, The Turkish Competition Authority cleared - ex post - a merger in the logistics services market while requesting annulation of a non-compete clause after the termination of the joint-venture (TNT-Koc Group), 30 September 2004, e-Competitions September 2004, Art. N° 21937

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