Freedom Holding Corp. reached an agreement to acquire a 99.32% stake in Turkish Bank A.S. The target institution has maintained operations in Turkey since 1982.
This acquisition advances Freedom Holding's strategy to build an integrated financial services platform across Turkey and the broader region. The move follows the company's recent establishment of a subsidiary brokerage firm within the country.
The transaction involves Turkish Bank’s domestic operations only. Units located in the United Kingdom and Cyprus are excluded from the agreement.
Completion of the deal remains subject to approval from Turkish regulatory authorities.