Competition Board approves certain acquisition and joint venture applications

According to the announcement on the Competition Authority’s website, the Board has granted permission for MHM Holding Gmbh to be acquired by Mavco Investments Private Ltd. Approval has been decided for Triton GP Holdco SARL-managed or advised fund to acquire the sole control of the security and communication technology products business unit named Keenfinity GmbH and Bosch Security Systems LLC from Robert Bosch GmbH. The establishment of a fully functional joint venture by Hunan Yunchu Circular New Energy Technology Co., Ltd., Toyota Motor (China) Investment Co., Ltd., Meiwa (Shanghai) Corporation, and Minmetals New Energy Materials (Hunan) Co., Ltd. has been deemed appropriate. The interconnected transactions involving the acquisition of Pactiv Evergreen Inc. by Novolex Holdings, LLC, followed by the establishment of joint control over Novolex Holdings, LLC by Apollo Capital Management L.P. and the Canada Pension Plan Investment Board has been approved. The acquisition of full control over Biesterfeld Plastik Ticaret AŞ by Biesterfeld Plastic GmbH and of Biesterfeld Özel Kimyasallar Ticaret AŞ by Biesterfeld Spezialchemie GmbH has been allowed. An establishment of a new joint venture between Officine Maccaferri S.p.A., indirectly controlled by the fund managed by Ambienta Sgr S.p.A., and Prime Synthetic Solutions Ltd., jointly controlled by Teijin Limited and Miller Prime Ltd., has been found appropriate. The acquisition of all shares of Elmer Yazılım Danışmanlık ve Ticaret Limited Şirketi by Mustafa Kemal Cılız and Graham David Stevinson through Infonet Bilgi Teknolojileri Ticaret AŞ has been granted permission.