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Disclosures

2019

TWF buys EBRD's 10 per cent stake in Borsa Istanbul

The Turkey Wealth Fund purchased a 10 per cent stake in the European Bank for Reconstruction and Development (EBRD) shares today, increasing our share in Borsa Istanbul to 90.60 per cent, in line with the disclosures we had shared with the public in recent months.

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A major investment move in logistics: Investments planned for Turkey to become regional a logistics base by 2053 with the Turkey Logistics Master Plan

The scope and details of the Turkey Logistics Master Plan, prepared by the Ministry of Transportation and Infrastructure and which includes the priorities of projects, investments and regulations to be implemented in the field of logistics in the next 30 years to become a regional logistics base and reach the export target of USD1 trillion in 2053, has been disclosed to the public.

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State owned insurance companies unite under the umbrella of the TWF

Within the framework of the New Economy Programme, reforms were planned by the Ministry of Treasury and Finance in the insurance and private pension sector to expand the savings base of the Turkish economy and the non-banking financial sector. Within the scope of these reforms, the Insurance and Private Pension Regulation and Supervision Agency and Türk Reasurans A.Ş. were established.

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TWF to build petrochemical and refinery facility in USD 10 billion investment

The Turkey Wealth Fund will build a refinery and petrochemical plant in the Ceyhan district of Adana in an investment of about USD 10 billion in order to reduce the foreign trade deficit in petrochemicals and refining.

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Process launched for purchasing licences for horse races and betting services

The Turkey Wealth Fund (TWF) initiated the process of buying services for licences to organize horse racing and accepting bets on horse races held in Turkey and abroad. Under the licenses held by the TWF, it is planned that services can be purchased in areas such as organizing horse races and accepting bets on horse races either in Turkey or abroad.

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Turnover in the National Lottery to triple in 2020

The bidding process carried out by the Turkey Wealth Fund for the games of chance which have until now been organized by the National Lottery Administration has been completed and the contract was signed today with the Sisal - Şans joint venture, which was the highest bidder.

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Bids received for National Lottery games

The open bidding process has been completed for a 10-year service purchase contract based on revenue sharing for the organization of the Turkey Wealth Fund's National Lottery games. Sisal - Şans Joint Venture submitted the best offer on a net present value basis with a minimum turnover commitment of TRY9.3 billion for 2020 and a commission rate of 9.5 %, including dealer commissions.

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Capital structures of state-owned banks are being strengthened

Preparations for strengthening of the capital structures of the state-owned banks within the reform package Structural Transformation Steps 2019 shared with the public on April 10th 2019, within the scope of the New Economy Program announced by the Ministry of Treasury and Finance has been completed.

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TWF not for sale

After the publication of the Communiqué Amending the Communiqué on Principles of Mutual Funds numbered III-52.1 (III-52.1.c) in the Official Gazette dated 12.03.2019 and numbered 30712, unsubstantiated reports regarding the sale of the Turkey Wealth Fund have emerged in the media.

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Turkey Wealth Fund receives EUR 1 billion syndication loan

Turkey Wealth Fund successfully completed the first syndication loan transaction amounting to EUR 1 billion with the participation of 10 banks from eight countries from Asia, Europe, North America and the Middle East under the coordination of ICBC and Citi.

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