Tellza Communications Inc. (TSX:TEL) exercised its right to acquire 9.99% stake in Merkez Factoring A.S. for $0.7 million in cash on March 16, 2016. Tellza has the further right to acquire up to 49% of Merkez prior to December 31, 2016, subject to the approval of the Banking Regulatory Supervisory Agency of Turkey. Merkez has total assets TRY 76 million ($26.08 million) and turnover of TRY 19 million ($6.52 million) in the year 2015.
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2022 | Mexedia Inc. acquired Tellza Inc. | CI |
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- Tellza Communications Inc. exercised its right to acquire 9.99% stake in Merkez Factoring A.S. for $0.7 million.