The Application concerning the acquisition of 51% of the shares of Sasa Polyester Sanayi A.Ş. from Hacı Ömer Sabancı Holding A.Ş. by lndorama Netherlands B.V. was taken under final examination, with the Competition Board decision dated 02.07.2014 and numbered 14-23/465-M.

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 and may not be put into practice until the final decision is taken. However taking the transaction under final examination does not necessarily mean that the transaction is not allowable by nature.