The application regarding the acquisition by Setur Servis Turistik A.Ş. of all of the shares of Beta Marina Liman ve Çekek İşletmesi A.Ş., whose shares are entirely held by Sağlam İnşaat Taahhüt Ticaret A.Ş. as well as Pendik Turizm Marina Yat ve Çekek İşletmesi A.Ş., whose shares are held by Sağlam İnşaat Taahhüt Ticaret A.Ş. and Çakır Yapı San. Tic. A.Ş. was taken under final examination with the decision of the Competition Board dated 07.08.2014 and numbered 14-26/522-M.

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.