The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by İGA Holding A.Ş. (‘IGA Holding’) and Unifree Duty Free İşletmeciliği Anonim Şirketi (‘Unifree’), both of Türkiye.
The transaction relates primarily to the operation of travel retail stores outside of the EEA.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.12508.
