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Case details

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Merger control
Case reference
Ccent/2025/71 - TEAK BV*TEAK S.A.*Semani Yorgancilar*Gülfem Perçin / Vórtex*Yorglass
Acquiring
Gülfem Perçin
Description
Citizens of Turkish nationality whose activity corresponds to holding Yorglass.
Acquiring
Semavi Yorgancilar
Description
Citizens of Turkish nationality whose activity corresponds to holding Yorglass.
Acquiring
TEAK CAPITAL, B.V.
Description
Acquiring
Teak Capital, S.A.
Description
A company belonging to the Teak Group that provides strategic and management consulting services, as well as the professional management of a diversified investment portfolio.
Acquired
Vortex Holdings S.r.l.
Description
It owns Vetrerie Riunite Spa (VR), which specializes in the production of soda-lime glass and borosilicate glass, with its main focus on glass windows for large household appliances, complemented by a residual range of oven products and components for small household appliances.
Acquired
Yorglass Endüstriyel Cam Sanayi ve Ticaret Anonim Sirketii
Description
Company operating primarily in industrial glass processing and flat glass marketing, through industrial units located in Türkiye.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-applicable
Case description

The concentration transaction consists of the acquisition, by Teak Capital, B.V. (“Teak”), Semavi Yorgancılar and Gülfem Perçin (“Yorgancılar Shareholders”), of joint control over Yorglass Endüstriyel Cam Sanayi ve Ticaret Anonim Şirketi (“Yorglass”) and Vetrerie Riunite, S.p.A. (“VR”).
Timeline
2025-09-17
The AdC issued a decision of non-applicability to the merger 71/2025 - TEAK BV*TEAK S.A.*Semani Yorgancilar*Gülfem Perçin / Vórtex*Yorglass.
2025-08-28
TEAK BV, TEAK S.A., Semani Yorgancilar and Gülfem Perçin notify the acquisition of joint control over Vórtex and Yorglass.
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