The application concerning the establishment of single control over Grup Maritim TCB, S.L. by APM Terminals B.V. trough its wholly-owned subsidiary APM Terminals Espagna Holding S.L. was taken under final examination with the COmpetition Board decision dated 10.02.2016 and numbered 16-04/88-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 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.