Shares in Turkey's Coca-Cola Icecek fell on Wednesday after the Turkish Competition Board launched an investigation into the company's distribution unit over alleged antitrust violations.\n\nAt 0908 GMT, the shares were 2.38% lower, making them the biggest loser in the BIST 100 index.\n\nThe regulator said on Tuesday that it was probing whether the company had breached competition rules by implementing exclusivity arrangements and excluding rivals from retail points of sale.\n\nThe authority said the investigation would also assess compliance with commitments made by Coca-Cola Icecek in 2021.\n\nCoca-Cola Icecek, a subsidiary of Anadolu Group, is one of the largest bottlers in the Coca-Cola system and operates across several countries in the region.

Turkey's Coca-Cola Icecek shares fall as probe launched

Turkey's Coca-Cola Icecek shares fell 2.38% on Wednesday, making them the biggest loser in the BIST 100 index, following an investigation by the Turkish Competition Board into alleged antitrust violations by the company's distribution unit. The probe examines exclusivity arrangements and compliance with 2021 commitments.