Government Controlled Public Companies Exempted from Several Merger Regulations in Turkey
Communique No. II-23.2.B on Amendment of the Communique on Merger and Demerger No. II-23-2 (“Amending Communique”) entered into force on May 30, 2020. By virtue of the Amending Communique, the public companies whose controller is a public institution or organization shall be exempted from several requirements arising from the Article 12 of the Communique on Merger and Demerger No. II-23-2 (“Communique No. II-23-2”).