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Related Companies
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Related Funds
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English
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oda_MaterialEventDisclosureGeneralAbstract|
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oda_UpdateAnnouncementFlag|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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08.03.2018, 07.05.2018, 06.07.2018, 04.09.2018, 02.11.2018 and 06.01.2020
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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Pursuant to our material event disclosures dated 08.03.2018, 07.05.2018, 06.07.2018, 04.09.2018, 02.11.2018 and 06.01.2020, the application to cancel the Competition Board's reasoned decision that Vestel Ticaret AŞ, a wholly-owned subsidiary of Vestel Elektronik, had not violated the Article 4 of the Law on the Protection of Competition numbered 4054 and there is no need to impose an administrative fine on the company as per the Article 16 of the same Law has been rejected by the Ankara 4th Administrative Court. The Court's decision can be appealed to the Court of Appeal.
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