CompetitionAuthority

Frito-Lay Faces Hefty $36 Million Antitrust Penalty in Turkey

2 months ago

The Turkish Competition Authority has imposed a substantial fine of 1 billion lira (approximately $36 million) on Frito-Lay, the renowned snack food division of PepsiCo, for engaging in practices deemed anti-competitive. This penalty comes as part of a broader review by the authority, which is actively scrutinizing market behavior across various sectors to ensure fair competition.

Turkish Antitrust Authority to Review Stellantis Acquisition of Local Unit

3 months ago

In an important development for the automotive industry, Turkey's antitrust body is set to evaluate the acquisition of a local entity by Stellantis, the multinational automotive manufacturing corporation. The evaluation represents a critical step in the approval process for mergers and acquisitions in the country, as regulatory bodies scrutinize deals to ensure compliance with competition laws.

Barratt's Bold Move: $2.5 Billion Redrow Acquisition Secures Green Light from UK Watchdog

6 months ago

One of the most pivotal moments to hit the UK's construction and real estate sector, Barratt Developments just got cleared for its ambitious acquisition of Redrow Plc. This monumental deal valued at $2.5 billion is a remarkable union of two of the largest housebuilders in the country. That regulatory green light came from the UK's Competition and Markets Authority, following its in-depth review of the deal, which judged the merger would not diminish competition in that market.