Kinstellar advised Turkey Wealth Fund
Kinstellar’s Kyiv office has successfully advised Türkiye Varlık Fonu (Turkey Wealth Fund) in connection with obtaining merger control approval from the Antimonopoly Committee of Ukraine for the acquisition of a controlling interest in Turkcell İletişim Hizmetleri A.Ş.
Turkey Wealth Fund is the wealth fund and strategic investment arm of the Republic of Turkey that was established in 2016 following the transfer of public shares of 20 companies in eight strategic sectors including Turkish Airlines, Ziraat Bank, Halkbank, VakıfBank, Borsa Istanbul, BOTAŞ, TPAO and Türksat, as well as two licences and various real estate assets.
Turkcell, a leading integrated telecoms and technology company, is one of Turkey’s most valuable assets and most recognisable brands. The deal was led by Olena Kuchynska, managing partner of the firm’s Kyiv office, who was supported by Daryna Ushchapivska, associate.