Turkish competition watchdog clears Coca-Cola
ANKARA - Anadolu Agency
REUTERS PhotoThe Turkish Competition Authority has said Coca-Cola did not violate any market competition rules as alleged in a recent complaint, the watchdog announced in a statement on March 9.
The authority also decided not to impose any monetary fines on the company.
The Turkish Competition Authority had opened an investigation into Coca-Cola’s alleged exclusivity agreements with its sales points in Turkey after receiving a complaint.
According to the watchdog’s statement, the authority reviewed its preliminary inquiry during its meeting on Feb. 26, 2014, on a complaint that the company had exclusivity agreements with sales points in some of Turkey’s largest cities, including Istanbul, Ankara, İzmir, Bursa and Antalya.
“As a result of the discussion of the contents of the investigation filed by the competition board on March 3 … It was decided the company did not violate competition rules; so it was not necessary to impose administrative fines,” the statement said.