Competition Board approved some acquisition transactions – Last Minute Economy News
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The Competition Board decided on some takeover applications.
According to the announcement on the Competition Authority’s website, the Board decided that the acquisition of all MAT Metal BV shares by ATA Steel Investments BV was not subject to permission.
AGCO Corporation and Trimble Inc. will jointly control the joint venture Trimble Solutions, LLC, which will consist of certain assets of AGCO Corporation and Trimble Inc. The acquisition by has been approved.
The takeover of the joint control of Türk Ytong AŞ, which was under the negative sole control of Transpet Petrolcülük AŞ, by Xella Baustoffe GmbH and Demiren Holding AŞ was deemed appropriate.
It was decided to authorize the acquisition of sole control of Aluflexpack AG by Constantia Flexibles GmbH, an indirect subsidiary of a fund managed by subsidiaries of One Rock Capital Partners, LLC.
Joint control of GGW Group GmbH is Permira Holdings Ltd. with Hg Pooled Management Ltd. The takeover process was allowed.
Net Zero North Sea Storage Holdings Ltd. and ultimately the acquisition of joint control over Net Zero North Sea Storage by BP plc and Equnior ASA through their respective subsidiaries was approved.
By taking over the entire Doğuş Turizm Sağlık Yatırımları ve İşletmemeleri Sanayi ve Ticaret AŞ, which is jointly controlled by Qatar Investment Authority and Şahenk Family, by Orjin İstinyepark İstanbul Gayrimenkul Yatırım AŞ, İstinye Yönetimi Hiz. and Tic. It was decided to allow the establishment of sole control over AŞ.
The indirect acquisition of Teck Resources Ltd.’s coal business and a certain percentage of its shares in its assets by Glencore plc was permitted.
The acquisition of sole control of TecInvest Sarl and all its issued and outstanding securities, directly or indirectly, by Bruker Invest AG, a subsidiary of Bruker Corporation, was approved.
Propars Teknoloji AŞ shares are held by Mega Merchant Holdings Ltd., to which Mega Merchant E-Ticaret Sales and Pazarlama AŞ is affiliated. Ltd. The takeover process was allowed.
Nippon Steel North America, Inc. has sole control of United States Steel Corporation. It was decided to allow the acquisition by Nippon Steel Corporation through.
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