Disclosures
2022
Kardemir joins TVF portfolio
A closed-market acquisition of Kardemir Karabük Demir Çelik Sanayi ve Ticaret AŞ Group A shares from Karadökmak Karademir Döküm Makine Sanayi ve Ticaret AŞ, at the nominal value of 31.999.559,50 TL, and from Karçel Kardemir Çelik Yapı İmalat Sanayi ve Ticaret A.Ş.’nin, at the nominal value of 18,294,787.26 TL, was completed. The transaction was based on the closing stock market price of 13.05 TL per share of Monday, 5 December 2022.
TWF has purchased the majority shares of Türk Telekom
Per its mission to invest in strategic industries in Türkiye, the Türkiye Wealth Fund (TWF) had signed a Share Purchase Agreement (SPA) to acquire 55% shares of Türk Telekomünikasyon A.Ş. (Türk Telekom) from LYY Telekomünikasyon A.Ş. (LYY), as announced in the statement dated March 10th, 2022.
TWF partners with ADQ to create $300m tech fund
The Türkiye Wealth Fund (TWF) and ADQ have announced a $300 million tech fund to invest in and grow Türkiye’s technology ecosystem.
TWF and LYY have signed a SPA to purchase the majority shares of Türk Telekom
Per its mission to invest in strategic industries in Türkiye, Türkiye Wealth Fund (TWF) has signed a Share Purchase Agreement (SPA) to acquire 55% shares of Türk Telekomünikasyon A.Ş. (Türk Telekom) from LYY Telekomünikasyon A.Ş. (LYY).
Robust capital support by TWF
Türkiye Wealth Fund (TWF) has successfully completed the process of increasing the core capitals of Ziraat Bank, Halkbank, and VakıfBank as well as providing subordinated loans to Development and Investment Bank of Türkiye, Ziraat Katılım Bank, and Türkiye Emlak Katılım Bank. The TRY 51.5 billion-worth injection demonstrates our faith in Turkish economy and enables public banks to access essential resources to support their investments.
TWF to support public and participation banks through capital injection
Per its mandate to reinforce the improvement and deepening of the financial markets, Türkiye Wealth Fund (TWF) has started the process of increasing the core capitals of Ziraat Bank, Halkbank, and VakıfBank as well as provide subordinated loans to Development and Investment Bank of Türkiye, Vakıf Katılım, and Türkiye Emlak Katılım Bank.
With the capital injection, TWF and TWF Market Stability and Balance Fund (PDIF) aim to strengthen the public and participation banks towards the volatility at global markets, support their growth strategies and increase their synergy.