The Communiqué Amending the Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board (“Merger and Acquisition Communiqué”) (Communiqué No: 2026/2) (“Amending Communiqué”) was published in the Official Gazette dated 11 February 2026 and entered into force on the date of publication.
With the Amending Communiqué, the turnover thresholds triggering the obligation to obtain authorization from the Competition Board (“
Board”) for the legal validity of merger and acquisition transactions, as regulated under the Merger and Acquisition Communiqué, have been amended in light of the changes in various macroeconomic indicators. Accordingly;
- The turnover threshold concerning the aggregate Turkish turnover of the transaction parties has been increased from TRY 750 million to TRY 3 billion, and the individual Turkish turnover threshold for at least two of the transaction parties has been increased from TRY 250 million to TRY 1 billion.
- In acquisition transactions, the Turkish turnover of the transferred assets or activities, and in merger transactions the Turkish turnover of at least one of the transaction parties, has been increased from TRY 250 million to TRY 1 billion, while the worldwide turnover threshold of at least one of the other transaction parties has been increased from TRY 3 billion to TRY 9 billion.
In addition, the exceptional regime that did not foresee a turnover threshold for technology undertakings has also been amended; the application of the regime has been limited to
technology undertakings established in Türkiye, and it has been regulated that a
single turnover threshold of TRY 250 million will be sought in transactions involving undertakings of this nature.
Accordingly, new notifications to be filed with the Board must be assessed based on the updated turnover thresholds set out above, and for transactions currently under the Board’s review, the processes concerning transactions that do not meet the updated turnover thresholds will be terminated, as such transactions will no longer be subject to notification to the Competition Authority.
Apart from the update of the turnover thresholds described above, the Amending Communiqué also introduces various amendments including the further elaboration of the definition of “transaction party,” provisions regarding coordination analysis in joint ventures, and simplification of the content and filing requirements of the notification form used in submissions to the Competition Authority.
The Amending Communiqué published in the Official Gazette can be accessed from
here and the announcement issued by the Competition Authority regarding the Amending Communiqué can be accessed from
here.