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NEWSLETTER 2011

426

ve Uzay Sanayi A.Ş.   has been authorized by the Board, since it

would not result in the creation or strengthening of a dominant

position as described under Article 7 of the Act No. 4054 and the

Communiqué No. 2010/4, and thus in significant lessening of

competition. (14.04.2011, 11-23/430-130)

• The Board decided that the acquisition of 80% of the shares of

İmpo Motor Pompa San. ve Tic. A.Ş. by Franklin Electric BV

fell under the scope of article 7 of the Act no 4054 as well as the

Communiqué no 2010/4; but that it was not subject to authorization

since the thresholds prescribed in the same Communiqué were not

exceeded. (21.04.2011, 11-25/474-143)

• The Board decided that the acquisition, by Çankaya Doğalgaz

Dağıtım A.Ş. or Celal SEVER, of 20% of the shares of Başkent

Doğalgaz Dağıtım A.Ş. did not fall under the scope of Article 7

of the Act no 4054 or the Communiqués no 1998/4, 2010/4 since

this did not cause a change in the control structure of Başkent

Doğalgaz Dağıtım A.Ş. (28.04.2011, 11-26/532-159)

• The acquisition, by International Petroleum Investment Company,

of 48.83% of the shares of Compania Espanola de Petroleos S.A.,

which were previously under the indirect ownership of Total S.A.,

and the related transfer of sole control over Compania Espanola de

Petroleos S.A. to International Petroleum Investment Company has

been authorized by the Board, since it would not result in the creation

or strengthening of a dominant position as described under Article

7 of the Act No. 4054 and the Communiqué No. 2010/4, and thus in

significant lessening of competition. (28.04.2011, 11-26/494-151)

• The transfer of sole control over EKY – Eczacıbaşı-Koramic Yapı

Kimyasalları San. ve Tic. A.Ş., which was previously under the

joint control of Eczacıbaşı Group and Koramic Investment, to

Koramic Holding N.V. through the acquisition of 50% of its shares

by Koramic Holding N.V. affiliates has been authorized by the

Board, since it would not result in the creation or strengthening

of a dominant position as described under Article 7 of the Act No.

4054 and the Communiqué No. 2010/4, and thus in significant

lessening of competition. (28.04.2011, 11-26/496-153)