With the Competition Board decision dated 23.03.2017 and numbered 17-11/133-M, the application concerning the acquisition of the entirity of Ulusoy Deniz Taşımacılığı A.Ş., Ulusoy Gemi İşletmeleri A.Ş., Ulusoy Ro-Ro İşletmeleri A.Ş., Ulusoy Ro-Ro Yatırımları A.Ş., Ulusoy Gemi Acenteliği A.Ş., Ulusoy Lojistik Taşımacılık ve Konteyner Hizmetleri A.Ş. and Ulusoy Çeşme Liman İşletmesi A.Ş. shares by UN Ro-Ro İşletmeleri A.Ş. has been taken under final examination.

As known, article 7 of the Act no 4054 on the protection of Competition tasks the Competition Board with the duty to control merger and/or acquisition transactions which will result in a significant decrease in competition within markets. Within the framework of article 10 of the Act, the Board may take those transactions which require a more in-depth examination in terms of their effect on the competitive structure under final examination.

In accordance with article 10, a merger/acquisition transaction notified to the Board is suspended until the final decision is taken and may not be implemented. However taking the transaction under final examination does not necessarily mean that the transaction is not allowable by nature.