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The Turkish Asset Fund (TVF) and the Qatar Investment Authority (QIA) include transactions involving the transfer of Borsa Istanbul’s stake to a full 10 percent. It was determined on the total capital value of Borsa İstanbul of $ 2 billion.
According to the written statement made by TVF, the transaction under the memorandum agreement signed between TVF and QIA on November 26 resulted in a QIA investment of $ 200 million. The price of the transaction in question was determined on the total capital value of Borsa Istanbul of $ 2 billion.
According to the statement, following the completion of the share transfer, TVF will maintain its position as the largest shareholder of Borsa Istanbul with its 80.6 percent stake. While QIA will become Borsa Istanbul’s investor with a 10 percent stake, other shareholders made up of major players in the domestic capital markets will continue to hold the remaining shares.
“IT HAS DIFFERENT IMPORTANCE IN TERMS OF WITHDRAWAL OF FOREIGN CAPITAL”
TVF Senior Manager (CEO) Zafer Sönmez, whose views on the matter were given in the statement, said: “The transfer of 10 percent of Borsa Istanbul shares is the beginning of long-term cooperation between the funds of wealth of the two countries. “
Sönmez said: “We believe that this investment will contribute to value creation and the development of corporate governance principles ahead of Borsa Istanbul’s public offering in the medium term. In 2022, the planned start of operations of the Istanbul Financial Center will be one of the most important players in this regard QIA, its investment both with the Istanbul Stock Exchange and also demonstrates the confidence that the vision of Turkey. ” found the evaluation.
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