12.7 C
Frankfurt am Main

Turkey ends probe into mobility app Martı after company makes commitments

Must read

Turkey’s competition board said on Tuesday it had terminated its investigation into mobility app Martı, launched over allegations that it abused its dominant market position, after the company made a series of commitments regarding the issue, Reuters reported.

“It has been decided to terminate the investigation, accepting the commitments and making them binding since they are of a nature to resolve the competition problems,” the competition board said.

Martı operates a fleet of nearly 50,000 e-mopeds, e-bikes and e-scooters.

Martı said last month it would go public via a merger with Galata Acquisition Corp. It said the transaction was expected to close in the fourth quarter, with the combined company expected to be listed on the New York Stock Exchange under the symbol “MRT.”

Liked it? Take a second to support Turkish Minute on Patreon!

More articles

Latest articles