Equity Analysis /
Turkey

Turkey: Competition Authority's penalties and effects on the retail sector

  • In general, fines up to 1.8% of the gross revenue of the companies can be considered as heavy penalties

  • We expect a recovery after the negative initial reaction on stocks…

  • We received signals regarding the companies will prefer to pay in cash in order to benefit from 25% penalty reduction

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
1 November 2021
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