White & Case advises Türkiye Wealth Fund on sale of strategic stake in VakıfBank

Global law firm White & Case LLP and GKC Partners have advised Türkiye Wealth Fund (TWF) on the successful sale of a 1.53 percent stake in VakıfBank, one of Türkiye's leading state-owned lenders.

The transaction raised approximately US$100 million through an accelerated bookbuilding process to international institutional investors. Merrill Lynch International acted as sole global coordinator and bookrunner on the offering.

Türkiye Wealth Fund is an asset-backed development fund and the strategic investment arm and equity solutions provider of the Republic of Türkiye.

The White & Case team in London was led by partner Laura Sizemore. The GKC Partners team in Istanbul was led by counsel Derin Altan and included associate Muhammed Aşula. White & Case has a professional association with Istanbul-based GKC Partners.

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