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.

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
Iranian Foreign Minister Abbas Araghchi arrived in Istanbul on January 30 for meetings with Turkish officials to discuss regional issues amid what he described as serious challenges posed by US ... more
The Turkish Petroleum Corp. (TPAO) has formalised a strategic partnership with Esso Exploration International, a subsidiary of ExxonMobil, marking a significant escalation in Türkiye’s ambitions ... more