Turkish Competition Board Fines Tire Sector 3.6 Billion TL

The Turkish Competition Board has concluded its investigation into manufacturers and distributors operating in the automotive tire sector. The Board imposed a total administrative fine of 3 billion 633 million lira due to competition violations in the sector. Within the scope of the investigation, the highest fine of 1 billion 19 million lira was imposed on Brisa. Other tire manufacturers and distributors also faced fines of varying amounts. The Board's decision was made after finding that pricing and distribution practices in the sector violated competition law. The fine amounts were determined taking into account the duration and impact of the violation. This is not investment advice.