Competition Board

A leading Turkish tourism association is set to send a court decision against Booking.com to similar foreign online reservation portals, including Tripadvisor.com, to ask them to comply with the required competition rules or face legal action, daily Dünya reported on March 31. 

Turkey's Competition Authority has approved Migros Ticaret A.Ş.'s acquisition of 95.5 percent of the shares of Tesco Kipa, the purchaser said in a statement late on Feb. 9. 

The Competition Board has announced that it has launched a probe into seven electricity companies owned by Sabancı Holding to investigate whether they abused their dominant market position. 

The Competition Board has opened a probe against a number of iron and steel companies, including Kardemir, according to an announcement on the board's website. 

The investigations were opened against Çağ Iron and Steel, Çelsantaş Iron Products, Yolbulan Iron Products and Yolbulan Shipment in addition to Kardemir. 

U.S.-based Verifone has acquired a stake in Turkish technology company Panorama, a majority stake of which is owned by the son of the Forestry and Water Affair Minister Veysel Ero?lu, according to sources close to the matter. 

Turkish supermarket chain Migros has said it plans to open 150 to 200 branches over this year in a written statement to the Public Disclosure Platform (KAP) on April 12. 

In the statement, which summarizes the decisions held at the company's latest board meeting, the number of new, planned stores was set between 150 and 200.

CJ CGV Co Ltd, South Korea's largest movie theater chain operator, and its partners will acquire 100 percent of Turkey's MARS Entertainment Group for 605 million euros ($687.82 million), Reuters has reported. 

Turkey's Competition Board has approved the sale of Digiturk to Qatari beIN Media Group, but the state fund that runs the pay TV platform said the bargaining process was still continuing.

Russia?s Alfa Telecom has applied to Turkey?s Competition Board to take indirect control of leading Turkish mobile phone operator Turkcell from Çukurova Holding, the latest step in a long-running battle for control of the company.

The Competition Board has approved a "conditional" sale of a 40 percent stake in retail chain Migros in Turkey, after a complaint filed by Tuborg, the group's competitor in the brewery sector, upon competitiveness principles, according to sources.