TVF Finansal Yatirimlar completed the acquisition of Halk Hayat ve Emeklilik from Turkiye Halk Bankasi for $219m.

TVF Finansal Yatirimlar, an asset manager, completed the acquisition of Halk Hayat ve Emeklilik, an insurance services provider, from Turkiye Halk Bankasi, a state-owned bank, for $219m. The acquisition follows Turkey's Ministry of Treasury and Finance move aiming to increasing the domestic savings rate and growing the non-banking financial services sector in the country