Turkey Wealth Fund (TVF) has sold a 1.53% stake in Vakıfbank to international institutional investors, raising 4.1 billion lira through an accelerated bookbuilding process.
The sale involved shares with a nominal value of 152 million lira, priced at 27.07 lira per share. Settlement of the transaction is expected to be completed outside the stock exchange on September 19, 2025, in line with standard procedures.
TVF REMAINS MAJORITY SHAREHOLDER
Following the sale, TVF’s direct ownership in Vakıfbank will stand at 73.26%. Despite the reduction, the fund will continue to remain the bank’s main shareholder.
In a statement filed with the Public Disclosure Platform (KAP), TVF confirmed:
“Following the special circumstance announcement dated September 16, 2025, and the accelerated bookbuilding process, 152,000,000 Turkish lira nominal value of shares, corresponding to 1.53% of Türkiye Vakıflar Bankası T.A.O.’s issued capital, have been sold to international institutional investors at a price of 27.07 lira per share, for a total consideration of 4,114,640,000 lira. Settlement of the transaction is expected to take place outside the exchange on September 19, 2025, subject to customary closing conditions. Upon completion, TVF’s direct stake in Vakıfbank will be 73.26%, and the fund will remain the bank’s main shareholder.”
Source: Patronlar Dünyası/ Prepared by: İlayda Gök