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Important Publications and Decisions regarding Privatization

• The Competition Board (“Board”) decided that the privatization

of the Hydroelectric Power Plants in Anamur, Bozyazı, Mut-

Derinçay, Silifke and Zeyne by transfer of operating rights is

not subject to authorization. (16.10.2014; 14-40/735-327)

• The Board decided that the transaction concerning the con-

struction of the Istanbul New Airport by the build-operate-

transfer method within the scope of the Implementation

Agreement dated 19.11.2013, signed by the General Directorate

Of State Airports Authority, the operation of the airport for 25

years, and the transfer to the Administration following the com-

pletion of the operation period was not subject to authorization.

Moreover, the Board granted negative clearance to the incorpo-

ration of İGA Havalimanı İşletmesi A.Ş. (16.10.2014; 14-

40/737-329)

• The Board authorized the acquisition of Kemerköy andYeniköy

Thermal Power Plants and related assets by Yeniköy Kemerköy

Elektrik Üretim ve Ticaret A.Ş. and Kemerköy Liman

Hizmetleri A.Ş., which are jointly controlled by IC Ibrahim

ÇEÇEN Yatırım Holding A.Ş. and Limak Holding A.Ş.

(26.11.2014; 14-46/835-376)

LEGAL DEVELOPMENTS

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