e-book2011

LEGAL DEVELOPMENTS

435

• In the process concerning the acquisition, via privatization, of

80% of the shares of Başkent Doğalgaz Dağıtım A.Ş. by MMEKA

Makine İthalat Pazarlama ve Ticaret A.Ş., The Competition Board

(the “Board”) decided that the acquisition of the aforementioned

shares by ÇANKAYA Doğalgaz Dağıtım A.Ş., established by

MMEKA Makine İthalat Pazarlama ve Ticaret A.Ş. did not fall

under the Act no 4054 or the Communiqué no 2010/4. (14.04.2011,

11-23/457-135)

• The Board, with respect to privatization of the shares belonging to

Istanbul Metropolitan Municipality, Affiliated Undertakings and

Shareholdings of Istanbul Metropolitan Municipality via block

sale, decided that acquisition by Tepe İnşat Sanayi A.Ş.-Akfen

Holding A.Ş.-Souter Investments LLP-Sera Gayrimenkul Yatırım

ve İşletme A.Ş. Joint Venture Group or Torunlar Gıda Sanayi ve

Ticaret A.Ş. of the shares belonging to Istanbul Metropolitan

Municipality, Affiliated Undertakings and Shareholdings of

Istanbul Metropolitan Municipality via block sale is subject

to authorization according to Article 7 of the Act No. 4054 and

the Communiqué No. 1998/4, possible acquisition by one of the

said bidders 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; therefore there are not any

concerns about the authorization of the transaction, with respect

to the application by Alpay Alkan related to the transfer, it is not

necessary to make any proceedings according to the Act No. 4054.

(04.05.2011; 11-28/548-166)

• The Resolution 2011/70 of 18.08.2011 of the Supreme Council

of Privatization was published in the Official Gazette dated

20.08.2011 and numbered 28031. This Resolution is related to the

inclusion of the immovable in the City of Muğla owned by TTA

within the scope and program of privatization.

• The Board decided that the privatization of the Acıpayam Selüloz

San. ve Tic. A.Ş. through the acquisition, by Verusa Girişim

Sermayesi A.Ş. or Sürtaş Maden San. Tic. A.Ş. of the 76.83% of its