Competition Boardannounced its decisions regarding acquisition transactions between companies in different sectors. According to the announcement published on the Competition Authority’s website, some transactions were deemed appropriate and approved, while one transaction was considered out of scope.
The important actions taken by the Board are as follows:
* ERG Control Systems Industry ve Ticaret AŞ, ERG Controls Inc. was taken over by and this transaction was excluded from the scope.
* ADNOC Logistics & Services PLCsubsidiary Abu Dhabi Marine Business and Services Company PJSC through Navig8 TopCo Holdings Inctook over sole control of .
* Volt Management Consultancy Inc., WEG Holding B.V. was taken over by.
* Stembio Stem Cell Technologies Inc.Some of the shares of Koç Holding Inc. was purchased by.
* Kale Gıda Sanayi ve Ticaret AŞretail business line Bidfood Distribution and Marketing Inc.He handed it over to .
* Hepsiburada, Hanzade Vasfiye Doğan BoynerWhile under the control of, majority shares and sole control Joint Stock Company Kaspi.kz was taken over by.
Moreover, TAV Airports Holding Inc. ve Fraport AG Frankfurt Airport Services Worldwide In cooperation, approval was given to establish a new joint venture for the operation of food and beverage areas at Antalya Airport.
These decisions are considered as an important step towards shaping the dynamics in strategic sectors and preserving competition in the Turkish economy.
Source: www.dunya.com
