Competition Board approves several acquisition transactions

The Competition Board has finalized its decisions on various applications for acquisitions and the establishment of joint control.

Individual exemptions were granted for the One Ton Van Development and Supply agreements between Ford Motor Company and Volkswagen AG, as well as the One Ton Cargo Van Contract Manufacturing and Supply agreements between Ford Motor Company and Ford Otomotiv Sanayi AŞ.

The establishment of joint control over EXOES and E-MERSIV by the founding shareholders of Fonds Avenir Automobile 2, Meridiam Green Impact Growth Fund, EXOES, and E-MERSIV through a newly established holding company (HOLD-CO) was permitted.

The acquisition of sole control of Axonics Inc. by Boston Scientific Corporation was found to be appropriate.

The transaction involving the acquisition of all shares and control of Metafor Yenilenebilir Enerji ve Elektrik Üretim AŞ and Knot Enerji Elektrik Üretim AŞ by İş Enerji Yatırımları AŞ was approved.

The acquisition of all shares of IDC Uluslararası Diyaliz Merkezleri Ltd. Şti., Fresenius Sağlık Hizmetleri AŞ, and Fresenius Nefroloji Hizmetleri AŞ by Daviva Renal Yönetim Hizmetleri AŞ was permitted.

The acquisition of sole control of Belimed AG and Belimed Life Science AG by Miele Beteiligungs-GmbH was approved.

The acquisition of sole control of Barentz Holding B.V. by Cinven Limited through Barley Bidco B.V. was found to be appropriate.

The establishment of a full-function joint venture by Mitsui & Co., Ltd., Osaka Gas Co. Ltd., and RWE Offshore Wind GmbH was permitted.

It was decided that a certain portion of the shares of Fertiglobe plc, which is under the joint control of OCI Fertilizers B.V. and ADNOC Fertilizers-Sole Proprietorship L.L.C., would be acquired, and that sole control would be transferred to ADNOC Fertilizers-Sole Proprietorship.

The transaction involving the acquisition of ownership and full control of the movable assets at the natural gas simple-cycle power plant facility located in Gaziantep by Aksa Enerji Talimarjan FE LCC, an indirect subsidiary of Aksa Enerji Üretim AŞ, was approved.

The establishment of joint control over VRLab Academy Yazılım AŞ by granting veto rights to B and D group shareholders regarding certain decisions to be taken by the board of directors was found to be appropriate.

The acquisition of sole control of MIM Software Inc. by GE Healthcare Technologies Inc. was permitted.

The indirect acquisition of sole control of Valeo Thermal Commercial Vehicles Germany GMBH by H.I.G. Capital, LLC through H.I.G. Europe Middle Market Holdings L.P. was approved.

The acquisition of all shares and sole control of Öncü Çimento Yatırım AŞ by CABA Çimento Sanayi ve Ticaret AŞ through AC Çimento Sanayi ve Ticaret AŞ was approved.

The acquisition of a certain stake and sole control of Kemer Medical Center Özel Sağlık Hizmetleri Turizm ve Ticaret AŞ, which operates in the private hospital management sector in Antalya under the Anatolia Hospital brand, by Koç Holding AŞ was permitted.

The establishment of joint control over Duffle Travel Retail Platform GmbH by GHARAGE Ventures GmbH, Dufry International AG, and Takeaway.com Central Core B.V. was approved.