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TWF buys 10% share of Groupama at Güneş Sigorta

Within the scope of public insurance companies’ consolidation project that was announced on December 15th, 2019, TVF Finansal Yatırımlar Anonim Şirketi, our wholly owned subsidiary, has agreed with Groupama Holding Filiales et Participations on the purchase of their stake in Güneş Sigorta Anonim Şirketi that correspond to 10% of the company shares.

Within the scope of public insurance companies’ consolidation project that was announced on December 15th, 2019, TVF Finansal Yatırımlar Anonim Şirketi, our wholly owned subsidiary, has agreed with Groupama Holding Filiales et Participations on the purchase of their stake in Güneş Sigorta Anonim Şirketi that correspond to 10% of the company shares.

 

As Turkey Wealth Fund, we highly value this project in its entirety and consider it to be a milestone on our roadmap in providing capital to Turkey’s strategic investments, supporting and deepening of financial markets.

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