Turkish telco equipment maker Karel Elektronik (KAREL) has bought 100% of local peer Telesis for $0.5mn in cash, Karel said on December 15 in a stock exchange filing.
Norway’s sovereign wealth fund, Norges Bank Investment Management, had a 0.58% stake in Karel at end-2019.

S&P Global Ratings has upgraded the credit ratings of several subsidiaries of Nasdaq-listed Freedom Holding, raising ratings on Freedom Finance, Freedom Finance Europe, Freedom Finance Global and ... more
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more
A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more