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.
Despite his AKP party’s defeat in the weekend’s local elections, Turkish President ... more
Turkish footwear manufacturers are stepping up their investments in Uzbekistan’s leather and footwear industries, according to local reports. A $1mn investment in the manufacture of leather, ... more
Shipping companies are the latest to feel the effects of “the West’s very tight blockade against the Turkish banking system”, according to a report by Turkish publication Ekonomim. In ... more