With the Communiqué no 2012/3, published in the Official Gazette dated 29.12.2012 and numbered 28512, article 7 of the Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board No:2010/4 concerning merger and acquisition transactions subject to authorization was amended, effective as of February 1, 2013.

With this regulation, among the thresholds enforced, the first one in relation to the domestic turnover is left unaffected, while the Turkish turnover threshold of TL 5 million, set for the second threshold system which also takes global turnover into account was raised to TL 30 million. In the determination of the said threshold, the turnover of the merging parties or of the acquired asset or operation shall be taken as the basis.

The regulation also revoked the existing exceptions in relation to the affected market.
In accordance with the Communiqué amendment in question, authorization applications to be made after 1.2.2013 must take the new thresholds into account.

Submitted for the information of the public.

You can access the relevant amendment by clicking on this link.