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English
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Evet (Yes)
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Hayır (No)
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20.10.2021, 29.10.2021, 17.01.2022
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Hayır (No)
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Our Company previously disclosed that the Turkish Competition Authority launched an investigation, as per the Law on the Protection of Competition No. 4054, on certain firms operating in the sectors of food retail and cleaning materials. The Competition Authority had declared that it decided to impose our Company a monetary fine amounting to TL 517,672,762.75 as a result of the said investigation, provided that the decision might be challenged before the Administrative Courts.
As per the article 17 of the Misdemeanor Law No. 5326, our Company paid TL 388,254,572.06, i.e. 75% of the total fine, and filed an annulment action with demand of stay of execution on 25 February 2022 in regard to the Competition Authority's decision.
Developments on this disclosure will be announced when necessary.
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