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English
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Hayır (No)
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Hayır (No)
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Hayır (No)
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The investigation carried out by the Competition Board pursuant to Article 41 of the Law No. 4054 on some undertakings, including our Company, in order to determine whether some undertakings operating in the power transformer sector have violated Article 4 of the Law No. 4054 on the Protection of Competition, has been completed, and a short decision was sent to our Company on 13.03.2025 within the framework of the information.
The Competition Board, in its information letter, states that it has decided that our Company has violated Article 4 of the Law No. 4054 and has imposed an administrative fine of 12,736,611.33- TL on our Company in accordance with the third paragraph of Article 16 of the Law No. 4054.
The decision notified to our company is not a reasoned decision. Therefore, the details of the reason for the penalty have not yet reached our Company. Following the notification of the reasoned decision to us, our Company will consider exercising its existing legal rights within the period stipulated in the legislation.
After we receive the final decision on the subject, the developments to be obtained in line with the legal rights to be exercised by our Company will be shared with the public.
We present it to the information of the public and our investors.
This statement has been translated into English for informative purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.
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