The Application Concerning the Partial Acquisition by THY OPET of the right of property of the Assets belonging to Mobil Türk, which are the subject of the Aviation Operation Agreement (20.3.2014)
The Competition Board initiated a final examination, with its decision dated 26.02.2014 and numbered 14-08/156-M, concerning the application for the acquisition by THY OPET Havacılık Yakıtları A.Ş. of 25% right of property of Mobil Oil Türk A.Ş.'s assets subject to "the Aviation Operation Agreement for Aircraft Refueling in Airports in Turkey".
As it is known, the Competition Board is in charge of monitoring mergers and/or acquisitions which would result in significant lessening of competition in markets according to article 7 of the Act no 4054 on the Protection of Competition. As per article 10, the Board may decide to deal with a transaction under final examination if an in-depth examination is needed about its effects on the competitive structure of the market.
A merger/acquisition notified to the Board is suspended and cannot be put into practice until the final decision. However, being subject to final examination does not mean that the transaction cannot be authorized.