NEWSLETTER-2017

461 LEGAL DEVELOPMENTS • The Board authorized the establishment of a joint venture company by Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines, Ltd. and Kawasaki Kisen Kaisha, Ltd., which shall incorporate regular container transportation services and container terminal services (terminals in Japan excluded). (24.05.2017, 17-17/259-110) • The Board authorized the establishment of a joint venture between Timur Gayrimenkul Geliştirme Yapı ve Yatırım A.Ş. and the European Bank for Reconstruction and Deve- lopment through the acquisition of the minority shares held by Nef EBRD Gayrimenkul Geliştirme A.Ş. by the European Bank for Reconstruction and Development. (24.05.2017, 17- 17/260-111) • The Board decided that the transfer of Adabank Ticari ve İktisadi Bütünlüğü to Savings Deposit and Insurance Fund is out of the scope. (24.05.2017, 17-17/257-BD) • The Board authorized the acquisition of the joint control of PSPIB Waiheke Inc. by Canada Pension Plan Investment Board and the Public Sector Pension Investment Board. (01.06.2017, 17-18/267-113) • The Board authorized the acquisition of the joint control of Ascend Learning Holdings, LLC by the Canada Pensi- on Plan Investment Board and The Blackstone Group L.P. (01.06.2017, 17-18/268-114) • The Board authorized the acquisition of the sole control of all of the affiliates and branches constituent of the automotive business unit of Opel/Vauxhall in Europe (included Turkey), owned by General Motors Holdings LLC, by Peugeot S.A. (01.06.2017, 17-18/269-115) • The Board authorized the establishment of joint control on the limited liability company to be established by Rixos Licensing B.V., by Rixos Licensing B.V. and Accor S.A. (01.06.2017, 17-18/275-119)