The Turkish Competition Board has concluded a Phase II investigation into the proposed acquisition of majority of shares in MH Perakendecilik ve Ticaret A.Ş. by Anadolu Endüstri Holding A.Ş. MH Perakendecilik ve Ticaret A.Ş.is the majority shareholder of the Turkish retailer Migros Türk A.Ş. The Competition Board announced on 28 July 2015 that it has completed the Phase II investigation into the proposed acquisition. The Competition Board granted a clearance for the acquisition conditioned upon fulfillment of certain remedies.

The Competition Board began a Phase II investigation in April 2014.Anadolu Endüstri Holding A.Ş. is active in the alcoholic beverages sector through Anadolu Efes Biracılık ve Malt Sanayii A.Ş., a brewing company, as well as other sectors.

The Competition Board announced on 28 July 2015 that it has concluded the Phase II investigation, granting clearance for the proposed acquisition conditioned upon fulfillment of certain remedies, including:

  • Migros must continue its commercial relations with the existing competitors of Anadolu Efes on an objective basis subject to specific conditions.
  • Migros must enter into commercial relations with Anadolu Efes's new competitors on an objective basis subject to specific conditions.
  • Migros must not avoid selling products of competitors of Anadolu Efes.
  • Migros must maintain the same brewer, product and brand variety, as well as the same shelf space ratio.

A more detailed analysis on the merits of the case and the remedies can be made once the Board's reasoned decision is published.

The Competition Authority is responsible for enforcing competition rules in Turkey. It is an independent regulatory authority with administrative and financial autonomy. The Competition Board is the decision making body within the Authority. You can read the full text of the Competition Authority's recent announcement at this link (only available in Turkish). Please see this link for more information about the Turkish Competition Authority.

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