Turkey Wealth Fund Management Joint Stock Corporation completed the acquisition of additional 89.18% stake in Halk Sigorta A.S. from Türkiye Halk Bankasi A.S. for approximately TRY 580 million.
Turkey Wealth Fund Management Joint Stock Corporation completed the acquisition of additional 89.18% stake in Halk Sigorta A.S. (IBSE:HALKS) from Türkiye Halk Bankasi A.S. (IBSE:HALKB) for approximately TRY 580 million on April 22, 2020. As part of the transaction agreement signed on same day, TRY 399.78 million was payable in government bonds while remaining amount from total TRY 578.9 million was payable in cash. The transaction is executed at TRY 1.86 per share.