FRHC is trading at $124.75 (-5.15%) in pre-market after Freedom Holding announced an agreement to acquire a 99.31% controlling stake in TurkishBank's Turkish operations via its subsidiary, Freedom Finansal Hizmetler AS.
- The deal involves purchasing capital from sellers including Ozyol Holding and National Bank of Kuwait and is currently awaiting regulatory approval.
- The downward move coincides with a broader market decline, as S&P 500 futures fall 1.07% driven by surging oil prices and escalating geopolitical tensions in the Middle East.