Kinstellar has helped the Turkey Wealth Fund obtain merger control approval from the Antimonopoly Committee of Ukraine for the acquisition of a controlling interest in Turkcell Iletisim Hizmetleri A.S.
According to Kinstellar, “the Turkey Wealth Fund is the wealth fund and strategic investment arm of the Republic of Turkey. The TWF was established in 2016 following the transfer of public shares of 20 companies in eight strategic sectors including Turkish Airlines, Ziraat Bank, Halkbank, VakifBank, Borsa Istanbul, BOTAS, TPAO, and Turksat, as well as two licenses and various real estate assets. The main objectives of TWF are to increase the value of the state-owned assets in its portfolio and to contribute to Turkey’s strategic investments.”
Turkcell, an integrated telecoms and technology company, is described by Kinstellar as “one of Turkey’s most valuable assets and most recognizable brands." According to the firm, "within its portfolio, Turkcell has an international mobile and fixed telecom business with more than 47 million customers, popular local OTT platforms such as BİP and TV+, as well as the TechFin subsidiaries Paycell and Financell. Turkcell continues to be the only company headquartered in Turkey that is dual-listed on both Borsa İstanbul and the New York Stock Exchange.”
Kinstellar’s team included Managing Partner Olena Kuchynska and Associate Daryna Ushchapivska.