The Competition Board approved some acquisition operations

According to the announcements on the website of the Competition Authority, the Board approved the acquisition of some of the shares of Vepara Elektronik Para ve Dağıtım Hizmetleri A.
Acquisition of sole control of Cigna Sağlık Hayat ve Emeklilik AŞ by QNB Finansbank AŞ was allowed.

The transaction to establish a fully functional joint venture in Saxon Land BV by the Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München and Assicurazioni Generali SpA has been approved.

It was agreed to allow the acquisition of the exclusive negative control of HERE International BV by Mitsubishi Corporation.

DECISION OUT OF REACH

Re-Pie Portföy Yönetimi AŞ Fibabanka Yıldız Private Equity Investment Fund has decided that the acquisition of a part of the shares of Birleşik Dağıtım Hizmetleri ve Elektronik Para AŞ is not within the scope of the transaction.

On the other hand, the Board has established the TÖDEB Data Transfer System, which was developed in order to collect the data sets that constitute the object of the file belonging to the member companies of the Union of Payment and Electronic Money Institutions ( TÖDEB) before TÖDEB with a software produced by a company independent of members, and sharing them with the public and members by aggregating such data sets, decided to issue a negative authorization certificate for information sharing activities to be carried out carried out within the scope of the project.

It has been decided to issue a certificate of negative settlement for the provision of the Recommendation, which was included in the public announcement of the Association of Banks of Turkey on May 26, 2022, on “decide on transition spread proposal under of Basis Discovery Analysis studies for operations that contain TRLIBOR and that will be subject to transition”. (AA)