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NEWSLETTER 2011

430

San. ve Tic. A.Ş. to EGL Holding Luxembourg AG; and 50% of

the shares of EGL Elektrik Toptan Ticaret A.Ş. by EGL Holding

Luxembourg AG to Demirören Enerji Madencilik San. ve Tic.

A.Ş., on a reciprocal basis, 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 2010/4 and thus in

significant lessening of competition. (14.07.2011; 11-43/920-289)

• The Board decided that the acquisition of the shares of Tekkale

Elektrik Üretim Tic. San. A.Ş. by Nuh Enerji Elektrik Üretim A.Ş.

and other Nuh Çimento Group companies 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.

(03.08.2011, 11-44/957-310)

• The Board decided that the acquisition, by Yöntem Dış Ticaret

Ltd. Şti. and Musa Kazım ENGİN, of 100% of the shares of

Wella Kozmetik Sanayi ve Ltd. Şti. owned by Procter & Gamble

International Operations S.A. and Walter Ludwig 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.

(03.08.2011, 11-44/986-332)

• The acquisition of control over MAN SA company by Volkswagen

AG through mandatory share purchase bids 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. (03.08.2011, 11-44/990-336)

• The acquisition of 55% of the 99% of shares held by BNP Paribas

IP BE Holding S.A. in Fortis Portföy Yönetimi 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. (17.08.2011, 11-45/1059-

364)