AG Anadolu Grubu stock: Togg stake sale reshapes EV ownership
Published on 11/09/2026 at 00:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat the Togg deal changes
- AG Anadolu Grubu Holding is transferring its Togg shares to the Türkiye Wealth Fund and Turkcell.
- The Türkiye Wealth Fund will become Togg's largest shareholder under the reshaped ownership structure.
- The agreement marks a new phase for Türkiye's electric-mobility project after the founding partners' ownership changes.
AG Anadolu Grubu Holding signed an agreement on Tuesday, November 3, 2026, to transfer its shares in Togg to the Türkiye Wealth Fund and Turkcell. The transaction changes the ownership structure of Türkiye's electric-vehicle venture and marks the holding's exit from the founding shareholder group.
The Türkiye Wealth Fund said the agreement covers shares held by AG Anadolu Grubu Holding and Vestel Elektronik. It said the reshaped structure would make the fund Togg's largest shareholder, while Turkcell would also become a larger shareholder.
A new ownership phase
The agreement follows a process among Togg's founding partners. The fund described the change as a step toward carrying the company's industrial and technology capabilities into a new phase, with continued emphasis on mobility, software, production and technology development.
Togg entered Türkiye's automotive market in 2023. According to the fund, the company sold 37,426 vehicles in the first nine months of 2026 and held a 31 percent share of Türkiye's electric-vehicle market during that period.
For AG Anadolu Grubu Holding, the transaction reduces its direct exposure to Togg while reshaping its position in one of Türkiye's most prominent industrial projects. The agreement remains subject to the conditions set out in the transaction documents and the completion of the transfer process.
What investors should watch next
Investors will focus on the completion of the share transfers and on how the new ownership structure affects Togg's investment plans, technology development and expansion. The announcement changes the strategic context for AG Anadolu Grubu Holding, but the long-term financial effect will depend on the final transaction terms and the company's broader portfolio decisions.
