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NEWSLETTER 2011
398
Important Legislation and Decisions regarding Competition
• In its meeting of December 16, 2010, the Competition Board (the
“Board”)decided to conduct an investigation concerning Kars
Çimento San. ve Tic. A.Ş., Aşkale Çimento Sanayi T.A.Ş., Yurt
Çimento San. ve Tic. A.Ş., Limak Çimento San. ve Tic. A.Ş.,
Elazığ Altınova Çimento Sanayi Tic. A.Ş., Çimko Çimento ve
Beton San. Tic. A.Ş., Çimsa Çimento Sanayi ve Tic. A.Ş., Adana
Çimento Sanayii T.A.Ş., KÇS Kahramanmaraş Çimento Beton San.
ve Madencilik İşletmeleri A.Ş. and Mardin Çimento Sanayii ve
Ticaret A.Ş. The investigation was initiated to determine whether
the aforementioned undertakings infringed Article 4 of Act no 4054
on the Protection of Competition by engaging in anti-competitive
activities, such as price increases, market and customer allocation,
and the exchange of information on market conditions in the
Eastern Anatolia and Southeastern Anatolia Regions, as well as
in the Adana and Eastern Black Sea Sections. This decision was
announced on the website of Competition Authority on 04.01.2011.
• The Board decided that the “Correspondence Services Agreement”
signed between Citigroup Inc. and Akbank could be assessed under
the exemption granted by the Board Decision dated 06.12.2006
and numbered 06-87/1120-325. (06.01.2011 11-02/17-M)
• The Board authorized a joint venture to be established as a result
of the acquisition by AES Mont Blanc Holdings B.V. of 49.6159%
of the shares in Entek Elektrik Üretimi A.Ş., previously held by
Aygaz A.Ş. since it would not result in the creation or strengthening
of a dominant position as described under Article 7 of Act No. 4054
and Communiqué No. 2010/4 and thus in significant lessening of
competition. (06.01.2011 11-02/5-3)
• The Board authorized the transactions of the transfer, by Nova
Chemicals International S.A., of 50% of the shares in Ineos Nova
European Holding BV and Ineos Nova International S.A. as well
as the transfer, by Nova Chemicals Corporation, of 50% of the
shares of Ineos Industries US LLC to Ineos Industries Holdings
Limited since it would not result in the creation or strengthening of
a dominant position as described under Article 7 of Act No. 4054