Turkish Competition Board fines Kınık Maden Suları and Beypazarı İçecek

In its first decision applying leniency and settlement procedures together, Turkish Competition Board fined Kınık Maden Suları A.Ş. TL 928,931.50 after 60% discount from the initial amount of TL 2,322,328.75 due to leniency (35% discount) and settlement (25% discount) procedures whereas Beypazarı İçecek Pazarlama Dağıtım Ambalaj Turizm Petrol İnşaat San. ve Tic. A.Ş. was fined TL 9,848,395.48 after 55% discount from the initial amount of TL 21,885,323.28 due to leniency (30% discount) and settlement (25% discount) procedures. The fine was imposed for infringing Article 4 of the Competition Act No.4054 prohibiting anti-competitive agreements by price fixing via sharing with the rival information on actual and prospective prices, dates of changes in prices and increased prices, and thereby forming cartel. The press release dated 25.05.2022 about the decision of the Turkish Competition Board is available via https://www.rekabet.gov.tr/tr/Guncel/pismanlik-ve-uzlasma-kurumlarinin-berabe-fd72d3e60cdcec11a22000505685ee05