The final examination conducted according to the Board decision dated 23.03.2017 and numbered 17-11/133-M about the acquisition by UN Ro-Ro İşletmeleri A.Ş. of all of the shares of Ulusoy Deniz Taşımacılığı A.Ş., Ulusoy Gemi İşletmeleri A.Ş., Ulusoy Ro-Ro İşletmeleri A.Ş., Ulusoy Ro-Ro Yatırımları A.Ş., Ulusoy Gemi Acenteliği A.Ş., Ulusoy Lojistik Taşımacılık ve Konteyner Hizmetleri A.Ş. and Ulusoy Çeşme Liman İşletmesi A.Ş. was concluded.

As a result of the final examination, the Competition Board took the decision dated 09.11.2017 and numbered 17-36/595-259. Accordingly it was decided

• Unanimously that the acquisition by UN Ro-Ro İşletmeleri A.Ş. of all of the shares of Ulusoy Deniz Taşımacılığı A.Ş., Ulusoy Gemi İşletmeleri A.Ş., Ulusoy Ro-Ro İşletmeleri A.Ş., Ulusoy Ro-Ro Yatırımları A.Ş., Ulusoy Gemi Acenteliği A.Ş., Ulusoy Lojistik Taşımacılık ve Konteyner Hizmetleri A.Ş. and Ulusoy Çeşme Liman İşletmesi A.Ş. was subject to authorization pursuant to the Communiqué no. 2010/4 Concerning the Mergers and Acquisitions Calling for the authorization of the Competition Board,
• Unanimously that the notified transaction will not result in creating or strengthening a dominant position in the market for shipping agency services,
• By majority of votes that the transaction will strengthen UN RoRo İşletmeleri A.Ş.’s dominant position in the market for Ro-Ro transport between Turkey and Europe (including the Ro-Ro lines departing from Istanbul, Izmir and Mersin) and thus decrease competition significantly,
• By majority of votes that as a result of the transaction, UN Ro-Ro İşletmeleri A.Ş. will be dominant in the market for port management concerning RoRo ships and therefore the competition in that market will decrease significantly,
• By majority of votes that the notified acquisition shall not be authorized.

The decision is open to judicial review before Ankara Administrative Courts within 60 days as of the notification of the reasoned decision.