On 18 September 2017 the TCA cleared the acquisition of Opel/Vauxhall by Peugeot unconditionally. The transaction was earlier approved by the European Commission (EC). Peugeot makes and sells passenger vehicles and light commercial vehicles worldwide under the brand names Peugeot, Citroen and DS. Opel also manufactures and sells passenger vehicles and light commercial vehicles. Opel…
DetailsThe TCA published its reasoned decision in relation to approved on 09.02.2017 acquisition of Tesco Kipa Kitle Pazarlama Ticaret Lojistik ve Gıda San. A.Ş. (TESCO KIPA) by Migros Ticaret A.Ş. (MIGROS) subject to conditions. MIGROS is an undertaking, which currently operates in retail sector. Fast moving consumer goods (FMCG) constitute its primary product market. TESCO…
DetailsIntroduction The Turkish Competition Authority (the “TCA”) amended the Communiqué governing the Turkish merger control implementation (Communiqué No. 2010/4 on Mergers and Acquisitions Requiring the Approval of the Competition Board (“Communiqué”)) on February 24, 2017. While there is no change to the currently applicable notification thresholds, the amendments concern the regime for successive transactions as…
DetailsIntroduction In the era of digital markets, the growing importance of Big Data1 is undeniable. “The rise of new businesses models based on the collection and processing of Big Data is currently shaping the world.”2 Indeed, the Big Data phenomenon has not only changed the way businesses conduct their economic activities, but also presented new…
DetailsThe USD 122 million fine imposed on 18 May 2017 by the European Commission on Facebook for providing inaccurate information about WhatsApp 2014 acquisition serves as a loud reminder for business that non-compliance with any aspect of competition/merger rules – including obligation to provide information – may be rather costly. Background In its notification back…
DetailsIn July 2017, the European Commission (EC) launched investigations into alleged breaches of EU merger procedural rules by Merck and Sigma-Aldrich, General Electric, and Canon, in particular by providing incorrect or misleading information by the first two companies; and by implementing a merger before notification and clearance by the latter company. This is just another…
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