GLA & Company acted as local legal counsel to Freedom Financial Services Inc., a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), in connection with the signing of the Sales and Purchase Agreement (SPA) for the acquisition of 99.32% of the share capital of Turkish Bank A.Ş. from its existing shareholders. The transaction is subject to the approval of the relevant regulatory authorities in Turkey.

Freedom Holding Corp. is an international financial group listed on the NASDAQ stock exchange and operating in more than 20 countries. The acquisition of Turkish Bank A.Ş., which has held a banking license in Turkey since 1982, represents a significant milestone in the Group’s growth strategy in the Turkish market and its broader ambition to establish an integrated financial services platform across the region.

GLA & Company provided comprehensive legal advisory services throughout the transaction process, covering all aspects of the SPA negotiation and execution. Our team was led by Ashraf Hendi, Partner and Head of Banking and Finance, with the assistance of associates Jehan Saleh and Maryam Tarek.

For more information: Freedom Finansal Hizmetler, Turkish Bank için Satın Alma Sözleşmesi İmzaladı | Fortune Turkey