Ziraat Katılım and Halk Katılım are uniting under the umbrella of TVF

Türkiye Wealth Fund (TVF) announced that share transfer agreements were signed for its subsidiary TVF Katılım Finans Yatırımları A.Ş. to acquire the shares of Ziraat Katılım and Halk Katılım by paying their full price.

According to the announcement published on TVF's website, the first stage in the process of merging public capital participation financial institutions under one roof has been completed.

The contracts stipulating that TVF Katılım Finans Yatırımları A.Ş., a 100 percent subsidiary of TVF, will acquire all shares of Ziraat Katılım and Halk Katılım in return for their prices, were signed on October 7.

In line with President Recep Tayyip Erdoğan's strategic vision for the development of the participation finance sector, an important progress has been made within the scope of the goals of increasing the capacity and competitiveness of public capital participation financial institutions, strengthening the participation finance ecosystem and expanding the sector's share in financial markets.

While it was stated that the signed contracts included the transfer of shares of two financial institutions, it was reported that the transfer transactions are planned to be carried out by the end of 2026, after the completion of the necessary legal and regulatory approval processes.

It was noted that efforts to gather public capital participation financial institutions under one roof continue in line with the determined schedule.