Emlak Katılım Completes Share Transfer of Katılımevim and Birevim

Türkiye Emlak Katılım Bankası announced that the necessary permission and approval processes for the share transfer transactions of Katılımevim, Birevim, and İktisat Katılım have been completed. The bank reported that the applications filed with the Ministry of Treasury and Finance, the Competition Authority, the Capital Markets Board (SPK), and the Banking Regulation and Supervision Agency (BDDK) for the said transfers have been concluded. With the completion of the share transfer transactions, a change has occurred in Emlak Katılım's partnership structure in the aforementioned companies. In the announcement, it was stated that the transfer process was completed following the permissions obtained from the relevant institutions. The transaction in question is considered within the scope of consolidation movements in the participation finance sector. Emlak Katılım's acquisition of shares in Katılımevim, Birevim, and İktisat Katılım stands out as a step that could affect the player structure in the sector. Detailed information regarding the financial size of the transaction and the partnership ratios after the transfer was not shared. The bank announced the official statement regarding the process to the public. Not investment advice.