Brief: Turkiye Sigorta Says Majority Shareholder TVF Finansal Yatirimlar Sold Shares With A Total Nominal Value Of 500 Mln Lira In Turkiye Sigorta
15/05/2026 06:26
May 15 (Reuters) - Turkiye Sigorta TURSG.IS
AS A RESULT OF THE BOOKBUILDING PROCESS, TVF FINANSAL YATIRIMLAR HAS SOLD SHARES WITH A TOTAL NOMINAL VALUE OF 500 MLN LIRA IN TURKIYE SIGORTA, AT A PRICE OF 13.50 LIRA PER SHARE
TRANSACTION IS EXPECTED TO SETTLE THROUGH AN OFF-EXCHANGE TRADE ON 15 MAY
TRANSACTION HAS BEEN COMPLETED AS AN OFF-EXCHANGE TRADE TO NON-TURKISH RESIDENT INSTITUTIONAL INVESTORS
CITIGROUP GLOBAL MARKETS LIMITED ("CITI") AND JP MORGAN SECURITIES PLC ("JP MORGAN") HAVE ACTED AS JOINT GLOBAL COORDINATORS AND BOOKRUNNERS
IF ALL OF THE SHARES ARE SOLD THE DIRECT SHAREHOLDING INTEREST OF TVF FINANSAL YATIRIMLAR IN TÜRKIYE SIGORTA AND THE TÜRKIYE SIGORTA'S FREE FLOAT ARE EXPECTED TO BE 76.10% AND 23.90%, RESPECTIVELY
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