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MONTHLY LEGAL DEVELOPMENT S
343
Important Legislation and Decisions in Mergers and
Acquisitions
•
The Competition Board authorized the acquisition of the sole
control exercised by Tronox Incorporated over certain of its assets
and shares by Huntsman Corporation after determining that this
operation would not create a dominant position as specified in
Article 7 of Act no. 4054 and in Communiqué no. 1997/1, nor would
it strengthen the existing dominant position and thus decrease
competition significantly in the relevant market. (06.01.2010; 10-
01/6-4)
•
The Competition Board authorized the acquisition of the control of
certainassetsandsubsidiaries’ sharesownedby“DyStarTextilfarben
GmbH” and “DyStar Textilfarben GmbH& Co Deutschland KG
which are Platinum Equity LLC’s portfolio companies by Kiri
Holding Singapore Private Limited after determining that this
operation would not create a dominant position as specified in
Article 7 of Act no. 4054 and in Communiqué no. 1997/1, nor would
it strengthen the existing dominant position and thus decrease
competition significantly in the relevant market. (12.01.2010; 10-
04/49-24)
•
The Competition Board, by taking into consideration that the parties
were not in the same economic integrity, decided that the acquisition
of the brand “Köytür Piliç” and other related brands pertaining to
Karadeniz İtimat Koll. Şti. by Yemsel Tavukçuluk Hayvancılık
Yem. Hay. San. ve Tic. A.Ş. was not within the scope of Article 7
of Act No. 4054 and Communiqué No. 1997/1. (21.01.2010; 10-
08/68-32)
•
The Competition Board authorized the acquisition of shares
representing 50% of the capital of Kayalar Meffert Boya Sanayi ve
Ticaret A.Ş. by Kayalar Kimya Sanayi ve Ticaret A.Ş. and Zafer
Kayalar after determining that this operation would not create a
dominant position as specified in Article 7 of Act no. 4054 and
in Communiqué no. 1997/1, nor would it strengthen the existing
dominant position and thus decrease competition significantly in
the relevant market. (21.01.2010; 10-08/71-35)