2 days ago
Turkey's Coca-Cola Icecek shares fall as probe launched
June 11 (Reuters) - Shares in Turkey's Coca-Cola Icecek ( opens new tab fell on Wednesday after the Turkish Competition Board launched an investigation into the company's distribution unit over alleged antitrust violations.
At 0908 GMT, the shares were 2.38% lower, making them the biggest loser in the BIST 100 index (.XU100), opens new tab.
The regulator said on Tuesday that it was probing whether the company had breached competition rules by implementing exclusivity arrangements and excluding rivals from retail points of sale.
The authority said the investigation would also assess compliance with commitments made by Coca-Cola Icecek in 2021.
Coca-Cola Icecek, a subsidiary of Anadolu Group, is one of the largest bottlers in the Coca-Cola (KO.N), opens new tab system and operates across several countries in the region.
