16 March 2021
The Economic Analysis and Research Department of the Turkish Competition Authority (the "TCA") published its report on mergers and acquisitions relating to the year 2020 (the "Report") on its official website on 5 March 2021.
Giving a snapshot of the TCA's M&A activities, this Report provides several categorisations and comparative statistics regarding the transactions notified and resolved in 2020.
Important numbers indicated under the Report may be summarised as follows:
Other practical highlights of the Report are as follows:
This Report confirms that, despite the increasing workload of the TCA and the difficult context generated by the Covid outbreak, the latter has been capable of handling merger control filings swiftly and without generating any significant time and procedural burden for the transaction parties, thereby helping to boost the confidence of international investors.
In compliance with Turkish bar regulations, opinions relating to Turkish law matters that are included in this client alert have been issued by Özdirekcan Dündar Şenocak Avukatlık Ortaklığı, a Turkish law firm acting as correspondent firm of Gide Loyrette Nouel in Turkey.