Mubadala has applied to the Competition Board to acquire Turkey's e-commerce giant Getir.

The Abu Dhabi-based investment company Mubadala Investment Company PJSC has applied to the Competition Authority to take over full control of Getir Retail Logistics Joint Stock Company. The announcement regarding this matter was published on the Competition Authority's website.

Getir had announced on June 24th that it had received a new investment of $250 million. Following this investment, Getir underwent a strategic restructuring and announced that it would continue its operations as two separate groups, each focusing on different market opportunities.

According to Bloomberg, the first group will focus on Getir's online grocery and food delivery service in Turkey, while the second group will handle Getir's e-commerce, finance, mobility, and other activities, including FreshDirect in the US.

Furthermore, it was reported that Mubadala Investment Company, one of Getir's current shareholders, will provide additional capital to the company and will have management control and majority ownership in Getir's online grocery and food delivery service in Turkey.