The Turkish competition watchdog announced on Tuesday that it has launched an investigation into Coca-Cola to assess whether the company breached Türkiye's competition laws.
In a statement, the Competition Authority (RK) said that an investigation into Coca-Cola Içecek was launched after initial findings of suspicions that the soft drinks giant's distribution unit had implemented practices aimed at preventing and obstructing the sales of its competitors at its sales points.
The investigation will also examine whether Coca-Cola complied with the commitments it submitted to the board in 2021, the statement also said.
Coca-Cola did not immediately respond to a request for comment.
Shares in Coca-Cola Içecek were 2.38% lower at 9:08 a.m. GMT, making them the biggest loser in the Istanbul bourse's benchmark BIST 100 index.
A subsidiary of Anadolu Group, Coca-Cola Içecek is one of the largest bottlers in the Coca-Cola system and operates across several countries in the region.
