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Turkish competition board to investigate Diageo unit Mey Icki
February 18, 2013 / 8:56 AM / in 5 years

Turkish competition board to investigate Diageo unit Mey Icki

ISTANBUL, Feb 18 (Reuters) - Turkey’s Competition Board said on Monday it had opened an investigation into Diageo’s Turkish spirits group Mey Icki on the grounds that it breached competition principles by preventing the sale of competitors’ products in stores.

Diageo PLC bought Mey Icki from TPG Capital LP and local private equity group Actera in 2011 for $2.1 billion.

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