Turkey's Coca-Cola Icecek shares fell after the Turkish Competition Board launched an investigation into the company's distribution unit for alleged antitrust violations.

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.

Turkey's Coca-Cola Icecek shares fell following the launch of an investigation into the company.

The Turkish competition watchdog launched an investigation into Coca-Cola Içecek, a subsidiary of Anadolu Group, to assess potential violations of competition laws. The probe focuses on alleged anti-competitive distribution practices and compliance with 2021 commitments. Coca-Cola's shares fell 2.38% in the Istanbul BIST 100 index.

Coca-Cola İçecek AS (COLZF) released its Q1 2025 earnings report, showing mixed financial performance. The company reported a slight revenue decline but maintained gross profit, while net profit dropped significantly. The report highlights challenges in financial operations and strategic focus on market positioning.