Competition Board approves several acquisition transactions

According to the announcement on the Competition Authority's website, the Board decided that the acquisition of all shares of MAT Metal BV by ATA Steel Investments BV is not subject to authorization.

The acquisition of joint control of Trimble Solutions, LLC, a joint venture to be formed from certain assets of AGCO Corporation and Trimble Inc., by AGCO Corporation and Trimble Inc. has been approved.

The acquisition of joint control of Türk Ytong AŞ, which is under the negative sole control of Transpet Petrolcülük AŞ, by Xella Baustoffe GmbH and Demiren Holding AŞ has been found appropriate.

It has been decided to authorize the acquisition of sole control of Aluflexpack AG by Constantia Flexibles GmbH, an indirect subsidiary of a fund managed by affiliates of One Rock Capital Partners, LLC.

The acquisition of joint control of GGW Group GmbH by Permira Holdings Ltd. and Hg Pooled Management Ltd. has been authorized.

The acquisition of joint control over Net Zero North Sea Storage Holdings Ltd. and ultimately Net Zero North Sea Storage by BP p.l.c. and Equinor ASA through their respective subsidiaries has been found appropriate.

It has been decided to authorize the establishment of sole control over İstinye Yönetim Hiz. ve Tic. AŞ through the acquisition of all of Doğuş Turizm Sağlık Yatırımları ve İşletmeciliği Sanayi ve Ticaret AŞ, which is jointly controlled by the Qatar Investment Authority and the Şahenk Family, by Orjin İstinyepark İstanbul Gayrimenkul Yatırım AŞ.

The indirect acquisition of a certain percentage of shareholding in the coal business and assets held by Teck Resources Ltd. by Glencore plc has been authorized.

The acquisition of sole control of TecInvest S.a.r.l. and all of its issued and outstanding securities, directly or indirectly, by Bruker Invest AG, a subsidiary of Bruker Corporation, has been found appropriate.

The acquisition of Propars Teknoloji AŞ shares by Mega Merchant Holdings Ltd. Şti., to which Mega Merchant E-Ticaret Satış ve Pazarlama AŞ is affiliated, has been authorized.

It has been decided to authorize the acquisition of sole control of United States Steel Corporation by Nippon Steel Corporation through Nippon Steel North America, Inc.

News Source: AA