e-book2011

LEGAL DEVELOPMENTS

431

• The acquisition of 99.86% of shares held by Denizbank

Deniz Emeklilik ve Hayat A.Ş. by Metlife Alico Türkiye 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. (25.08.2011, 11-46/1115-

386)

• The Board has authorized the acquisition of the entire issued and

outstanding shares of Transatlantic Holdings, Inc. by Validus

Holdings, Ltd., without any demand from Transatlantic Holdings,

Inc. since the transaction would not result in creating a dominant

position, or strengthening the existing dominant position as

specified in Article 7 of the Act No. 4054 and in the Communiqué

No. 2010/4, and thus in decreasing competition. (14.09.2011, 11-

47/1157-403 )

• As a result of the examination made upon the request that

individual exemption be given to "Filling Service Agreement"

between Aygaz A.Ş. and İpragaz A.Ş., the Board has decided that

"Filling Service Agreement" between Aygaz A.Ş. and İpragaz

A.Ş. is under the scope of Article 4 of the Act No. 4054, the

agreement shall be granted individual exemption as it fulfills all of

the conditions listed in Article 5 of the Act No 4054. (22.09.2011,

11-48/1213-426 )

• The Board authorized the acquisition by Robert Bosch GmbH

of starting motor, alternator, heat control components and wiper

production activities of Unipoint Group, 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. (05.10.2011; 11-

51/1287-452)

• The Board decided that the transfer of the shares of Adabank A.Ş.

- which have been seized in accordance with the Banking Act No.

5411 article 134 paragraph 5 and the provisions of the Act No.

6183 on the Procedure for the Collection of Public Receivables

and which belongs to Kemal Uzan, Cem Cengiz Uzan, Murat