Competition Authority approves several acquisition transactions
The Competition Authority has finalized its decisions on several acquisition applications. The Board has granted approval for a number of transactions.
AA
According to the announcement on the Competition Authority's website, the Board decided that the acquisition of a portion of the shares of Aerocompact Group Holding AG, currently under the control of Mathias Muther Privatstiftung, by Trilantic Europe VI GP Sarl, resulting in joint control over Aerocompact Group Holding AG, is not subject to authorization.
It was decided that the acquisition of all shares of Babadağ Elektrik Üretim Sanayi ve Ticaret AŞ by Tekmarmara Enerji Üretim AŞ, which will be established through the subsidiaries of Tekfen Holding AŞ, is not subject to authorization.
The acquisition of sole control of Tunçtaş Cam Sanayi ve Ticaret Anonim Şirketi by Ege Holding AŞ through Ege Kimya Sanayi ve Ticaret Anonim Şirketi, by way of acquiring all of its shares, has been authorized.
The acquisition of 50 percent of the shares of the enterprises titled Akyurt Rüzgar Enerji Üretim ve Ticaret AŞ, Mursal Enerji Üretim Sanayi ve Ticaret AŞ, Beşiktepe Enerji Üretim ve Ticaret AŞ, and Kortaş Elektrik Enerji Üretim Depolama ve Ticaret AŞ, as well as 49.99 percent of the shares of Maki Elektrik Enerji Operasyon Yönetimi AŞ and all shares of Deniz RES Enerji Yatırımları AŞ by Kangal Elektrik Üretim ve Ticaret AŞ, and the acquisition of 30-40 percent of the shares of Kangal Elektrik Üretim ve Ticaret AŞ by İş Portföy Yönetim AŞ, has been deemed appropriate.
The acquisition of sole control of Global Infrastructure Management, LLC by BlackRock, Inc., through the acquisition of all its shares by BlackRock Funding, Inc., has been authorized.
The merger of Moka Ödeme ve Elektronik Para Kuruluşu AŞ with Birleşik Ödeme Hizmetleri ve Elektronik Para AŞ under the latter, and the acquisition of 50 percent stakes each by Türkiye İş Bankası AŞ and its subsidiaries, and OYAK Portföy Yönetimi AŞ Third Venture Capital Investment Fund, in Birleşik Ödeme Hizmetleri ve Elektronik Para AŞ through a capital increase, has been deemed appropriate.
The acquisition of all shares of Arteno Bilgi Teknolojileri ve Danışmanlık Hizmetleri AŞ by Adesso SE has been authorized.
The acquisition of sole control of BETA CAE Systems International AG by CADENCE Design Systems, Inc. has been authorized.
The acquisition of all shares held by İsmail Demirkaya in Varzene Metal Sanayi ve Ticaret AŞ, which is currently under the joint control of TUSAŞ Motor Sanayii AŞ and İsmail Demirkaya, by TUSAŞ Motor Sanayii AŞ has been authorized.
The establishment of a full-function joint venture by Mitsubishi Corporation, Daimler Truck Holding AG (through Mitsubishi Fuso Truck and Bus Corporation, which it solely controls), and Mitsubishi Motors Corporation to operate a comprehensive service platform for electric vehicles has been deemed appropriate.
The acquisition of joint control of National Petrochemical Industrial Company, which is solely controlled by Alujain Corporation, by LyondellBasell Industries N.V. through Basell International Holdings B.V. has been authorized.
The acquisition of sole control of Pascoe Pharmazeutische Praparate GmbH by Sidroga Gesellschaft für Gesunheitsprodukte mbH, a subsidiary of Grupo J. Uriach S.L., has been authorized.
The acquisition of all shares and sole control of the paint coating business unit of GREBE Holding GmbH by Kansai Paint Group has been deemed appropriate.
The acquisition of the breeding farm and hatchery of C.P. Standart Gıda San. ve Tic. AŞ in the province of Bilecik, along with its equipment, by Şenpiliç Gıda Sanayi AŞ has been authorized.
The acquisition of sole control of Udacity Inc. by Accenture Plc. has been authorized.