Turkey Launches Antitrust Investigation into Coca-Cola Over Potential Competition Breach

The Coca-Cola Company (NYSE:KO) is one of the best stocks for a dividend stock portfolio.

The Turkish Competition Board announced on Tuesday that it has launched a formal investigation into Coca-Cola to assess whether the company breached the country’s competition laws.

According to the board’s statement, the probe follows preliminary findings suggesting The Coca-Cola Company (NYSE:KO) may have engaged in practices that restricted or hindered rival brands from selling their products at retail locations.

The investigation will also review whether The Coca-Cola Company (NYSE:KO) has adhered to the commitments it made to the board in 2021.

Following the announcement, shares of Coca-Cola Icecek — Coca-Cola’s bottling partner in Turkey and a subsidiary of Anadolu Group — declined on Wednesday.

Coca-Cola Icecek is one of the largest bottlers in the system and operates in multiple countries across the region.

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