480 / 516
by the Arkas Group, which operates in the container transporta-
tion and transportation organization fields in Turkey, and HJLK
Corporation, which is based in Korea and operates in the field
of container transportation, the Board decided that the notified
transaction was subject to authorization under article 7 of the
Act no 4054 as well as under the Communiqué no 2010/4 on
Mergers and Acquisition Calling for the Authorization of the
Competition Board which was issued based on the aforemen-
tioned article, and the transaction should be authorized, since it
would not result in the creation or strengthening of a dominant
position as described under the same article of the Act, and thus
in significant lessening of competition. (02.03.2012, 12-
09/291-92)
• The Board granted the request for the authorization of the estab-
lishment of a joint venture by Tosyalı Holding A.Ş. and Toyo
Kohan Co. Ltd. to operate in the manufacturing and sales of flat
steel products in Turkey, 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. (14.03.2012,
12-11/367-102)
• The Board authorized the acquisition of EMI MP, which is
owned by Citigroup Inc., by an investor consortium including
Sony Corporation of America and Mubadala Development
Company PJSC. (06.04.2012, 12-17/464-135)
• The Board authorized the acquisition of 49% and one of Karat
Güç Sistemleri San. ve Tic. A.Ş.’s shares, which are held by nat-
ural persons from Tarablus Family by CRH Otomotiv Sanayi ve
Ticaret Ltd. Şti., controlled by Johnson Controls, Inc. and
Johnson Controls Hybrid and Recycling GmbH controlled by
Johnson Controls, Inc., respectively, and therefore transfer of
Karat Güç Sistemleri San. ve Tic. A.Ş. to the joint control of
Tarablus Family and Johnson Controls, Inc. (12.04.2012, 12-
20/515-151)
• The Board authorized the acquisition of 51% shares and the
control of Afyon Çimento Türk A.Ş., controlled by Parcib
466
NEWSLETTER 2012