HDI Sigorta has signed a share transfer agreement for the transfer of its wholly-owned takaful subsidiary, HDI Katilim Sigorta, to Aydin Group.
The transfer will come into effect after regulatory approvals, allowing HDI Sigorta to focus on its strategic priorities. The financial details of the sale were not disclosed.
Mr Firuzan Iscan, General Manager of HDI Sigorta and Chairman of HDI Katilim Sigorta, said that the acquisition of HDI Katilim Sigorta, founded in 2023, by the Aydin Group is a significant indicator of the value created by the company.
He also said that HDI Sigorta, which is part of HDI International that operates within the Talanx AG Group, is continuing its growth in Turkiye, and the Turkish market retains its strategic importance to the group.
Aydin Group aims to strengthen the ecosystem it has created in the retail, healthcare, and banking sectors with takaful through the acquisition of HDI Katilim Sigorta.