The commitments submitted about the acquisition of Stellantis by Tofaş are not considered sufficient (25.10.2024)

The application concerning the acquisition of Stellantis Otomotiv Pazarlama AŞ, which belongs to Stellantis N.V. (STELLANTIS), by TOFAŞ Türk Otomobil AŞ, which is under the joint control of STELLANTIS and Koç Holding AŞ, was taken under final examination with the decision of the Competition Board dated 23.11.2023 and numbered  23-54/1029–M, according to paragraph one, article 10 of the Act no 4054. According to the decision numbered 24-43/1027-M, which was taken in the meeting of the Competition Board dated 24.10.2024, it was concluded that the commitments submitted by the applicants regarding the subject were not sufficient to authorize the transaction.