TPG Capital LP

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Turkey competition board opens probe against alcoholic beverage company

Turkey's competition board has opened a probe into Diageo's Mey ?çki to examine whether the leading alcoholic beverage producer abused its market dominance in the country.

The board said it had found the preliminary findings on the company's moves "serious and adequate" enough to launch an investigation into whether it abused its market dominance at a meeting on July 28.