Turkey Wealth Fund announced agreements for its subsidiary to acquire Ziraat Katılım and Halk Katılım. The parent banks also disclosed board decisions and applications for regulatory approval on 9 October. The planned share transfers are targeted by the end of 2026, subject to the required approvals, marking a contractual step toward common ownership of the public participation banks.
Turkey Wealth Fund, the state’s sovereign investment fund, announced contracts for its wholly owned subsidiary TVF Katılım Finans Yatırımları to acquire Ziraat Katılım and Halk Katılım shares. The agreements were signed on 7 October and announced on 9 October. Ziraat Bankası and Halkbank, the parent banks, also disclosed board decisions and applications for the permissions required for the planned share transfers.[1], [2]
Halkbank disclosed plans to transfer its 99.99 percent holding in Halk Katılım. Ziraat Bankası disclosed the same percentage for its Ziraat Katılım holding. Both identify TVF Katılım Finans Yatırımları as the intended buyer. The banks announced their decisions on 9 October through the Public Disclosure Platform, known as KAP, which carries companies’ official disclosures. Completion of the transactions depends on obtaining the necessary permissions and approvals.[2]
TVF’s announcement targets completion of the share transfers by the end of 2026, following the legal and regulatory processes. Its subsidiary is wholly owned by the fund. The contracts cover the purchase of all shares in the two institutions, with payment for the holdings. The disclosed plan is a step in bringing public participation-finance institutions under a common umbrella, with the contractual stage completed while the share transfers await approval.[1]
