The acquisition of the sole control of Stellantis Otomotiv Pazarlama AŞ by Tofaş Türk Otomobil Fabrikası AŞ taken under final examination

Summary:

The Competition Board in Turkey has taken the application regarding the acquisition of Stellantis Otomotiv Pazarlama Au015e by Tofau015f Tu00fcrk Otomobil Fabrikasu0131 Au015e into final examination. According to Article 7 of the Act on the Protection of Competition, the Board is responsible for monitoring mergers and acquisitions that may lead to significant lessening of efficient competition in markets. The Board may conduct an in-depth examination of the transaction's effects on the competitive structure of the market under Article 10 of the Act, which temporarily suspends the transaction until a final decision is made. However, being subject to final examination does not guarantee the transaction will not be authorized.