Final examination on the planned merger through the incorporation of Fiat Chrysler Automobiles N.V. and Peugeot S.A. into Fiat Chrysler Automobiles N.V. was concluded (30.12.2020) (20.1.2021)

The final examination on the planned merger through the incorporation of  Fiat Chrysler Automobiles N.V. and Peugeot S.A. into Fiat Chrysler Automobiles N.V.  conducted according to the Competition Board's decision dated 17.07.2020 and no 20-34 / 441 was concluded.

As a result of the final examination, the decision by the Competition Board dated 30.12.2020 and no 20-57/794-354 was taken. It was decided unanimously that

  1. The notified transaction is  subject to authorization within the scope of Article 7 of Act no 4054 and the Communiqué no 2010/4 on Mergers and Acquisitions Calling for the Authorization of the Competition Board, issued based on this article,
  2. The notified transaction shall not significantly reduce effective competition in the market for  production and sale of passenger cars and in the market for the production and sale of light commercial vehicles with a gross weight of 3.5-6 tons, within the framework of Article 7 of the Act no 4054,
  3. On the other hand, as a result of the planned transaction, effective competition shall be significantly reduced within the framework of article 7 of the Act no 4054 through coordinated effects in the market for production and sale of light commercial vehicles with a gross weight of up to 3.5 tons,
  4. Within the framework of the commitments no 13650 dated 16.12.2020 submitted by Fiat Chrysler Automobiles N.V. and the commitments no 13650 dated 16.12.2020 submitted by Koç Holding, to the Competition Authority records, the transaction shall be cleared conditionally, 
  5. The commitments no i, ii, and iii presented by Fiat Chrysler Automobiles N.V. and the commitments no a, b, c, d presented by Koç Holding A.Ş. have the nature of a condition and the commitment no v presented by Fiat Chrysler Automobiles N.V. and the commitment no e presented by Koç Holding A.Ş have the nature of a liability. 

Judicial review is possible at Ankara Administrative Courts within 60 days of the notification of the reasoned decision.