TPL Corp Signs Deal to Sell TPL Insurance to Jazz International

TPL Corp Limited has signed a Share Purchase Agreement with Jazz International Holding Limited for the sale of shares and transfer of control of its subsidiary TPL Insurance Limited, the company informed the Pakistan Stock Exchange.

The agreement was signed on March 5, 2026, following earlier approval by TPL Corp’s board in December 2025 to proceed with the transaction.

Under the deal, Jazz International will acquire shares in TPL Insurance and take control of the company, subject to regulatory approvals and other conditions.

Earlier, the potential buyer had been identified as VEON Group Holding Company Ltd or its affiliates, but the acquirer was later confirmed as Jazz International Holding Limited.

Currently, TPL Corp holds a 52.87 percent stake in TPL Insurance, followed by Finnish Fund for Industrial Cooperation with 17.02 percent and Entwicklungsgesellschaft MBH with 15.87 percent.