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In order to determine whether the distributors and car rental companies operating in the first-hand (new) and second-hand vehicle sales markets have violated Article 4 of the Law No.4054 on the Protection of Competition, investigation studies have been initiated by Competition Board within the scope of the decision taken to initiate an investigation against many companies in the sector, including our company. As it is known, opening an investigation by the Competition Authority cannot be interpreted as the undertakings or association of undertakings subject to the investigation violate the Law No. 4054, as being or will subject to penalty under the Law. Developments on this disclosure will be shared with the public when necessary within the framework of the Capital Market Legislation.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.