The Communiqué Amending the Communiqué on the Mergers and Acquisitions Subject to the Approval of the Turkish Competition Board No. 2022/2 (the “Amendment Communiqué”) has been published on the Official Gazette dated 4 March 2022 and numbered 31768. In brief, the Amendment Communiqué brings drastic changes for the notifiability analysis of the transactions, as it particularly (i) raises the turnover thresholds, (ii) introduces an exception for the technology undertakings subject to acquisitions and (iii) amends certain items for turnover calculation of the financial institutions. The guidelines on the implementation of the mergers and acquisitions have been also updated and published on the official website of the Turkish Competition Authority (“Authority”).

Relevant amendments are summarised on out notes. You can reach the full of briefing here.