The Turkish Competition Board grants unconditional approval to a merger between a producer and a distributor of paper (International Paper Company / Weyerhaeuser)

This case note analyses the Turkish Competition Board’s (“ Board ”) International Paper Company / Weyerhaeuser decision of 23 September 2016 numbered 16-31/519-233 on the transaction concerning the acquisition of Weyerhaeuser Company’s paper pulp business unit (“ WHPP ”) through the transfer of assets and shares by International Paper Company (“ IPC ”). IPC is engaged in the production of fiber-based packaging, pulp and paper on a global scale. On the other hand, WHPP is mainly active in Weyerhaeuser Company’s paper pulp business unit including the manufacture and distribution of fluff pulp, softwood paper grade pulp and specialty chemical cellulose pulp through its facilities in North America and Poland. The Board evaluated the notification within the scope of Article 7 of the Law No. 4054

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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 grants unconditional approval to a merger between a producer and a distributor of paper (International Paper Company / Weyerhaeuser), 23 September 2016, e-Competitions Bulletin September 2016, Art. N° 91502

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