Competition Authority fines Namet 73 million liras

On the official website of the Competition Authority, it was noted that the investigation process has ended in a statement titled "Announcement of the Final Decision Regarding the Investigation Conducted into Namet Gıda Sanayi ve Ticaret AŞ in Accordance with Article 49 of the Law No. 4054 on the Protection of Competition."

It was recorded that the final settlement text sent by Namet Gıda Sanayi ve Ticaret AŞ, in accordance with the Competition Board's interim decision dated 07.09.2023 and numbered 23-41/787-MUA, within the scope of the investigation conducted to determine whether Article 4 of the Law No. 4054 on the Protection of Competition was violated pursuant to the Board's decision dated 18.05.2023 and numbered 23-23/437-M, was received by the Authority's records on 20.09.2023 with the number 42696 within the specified time.

The statement, which says, "The existence and scope of the violation, as well as the maximum administrative fine rate and amount stipulated in the settlement interim decision, have been explicitly accepted by the undertaking in the settlement text," included the following details:

1. That Namet Gıda Sanayi ve Ticaret AŞ violated Article 4 of the Law No. 4054 on the Protection of Competition by determining the resale prices of its buyers,

2. In this regard, an administrative fine of 97,315,538.65 TL was imposed on the aforementioned undertaking, calculated as a certain percentage of its 2022 gross revenue, in accordance with the third paragraph of Article 16 of Law No. 4054 and Article 5, paragraph 1 (b), paragraph 2, paragraph 3 (b), and Article 7, paragraph 1 of the "Regulation on Administrative Fines to be Imposed in Cases of Restrictive Agreements, Concerted Practices and Decisions, and Abuse of Dominant Position,"

3. A 25% discount was applied to the administrative fine to be imposed on the undertaking as a result of the settlement procedure, in accordance with the seventh paragraph of Article 43 of Law No. 4054 and the fourth paragraph of Article 4 of the "Regulation on the Settlement Procedure to be Applied in Investigations Regarding Restrictive Agreements, Concerted Practices and Decisions, and Abuse of Dominant Position,"

4. In this context, an administrative fine of 72,986,653.99 TL was imposed on the undertaking as a result of the settlement procedure, calculated as a certain percentage of its 2022 gross revenue,

5. Thus, it was decided UNANIMOUSLY to conclude the investigation conducted pursuant to the Competition Board's decision dated 18.05.2023 and numbered 23-23/437-M through settlement, with the right to appeal to the Ankara Administrative Courts within 60 days from the notification of the reasoned decision.

News Source: 12punto