Freedom Holding (FRHC) Acquires ChessBase

Freedom Holding Corp. (NASDAQ:FRHC) is one of the 8 Best Holding Company Stocks to Invest In Now.

On April 15, 2026, Freedom Holding Corp. (NASDAQ:FRHC) announced the acquisition of ChessBase, with plans to strengthen the platform’s position through expanded use of artificial intelligence and integration into the group’s ecosystem. The company expects to invest approximately EUR 5M in the project. Timur Turlov said ChessBase is an “exceptionally strong brand” and aims to “make substantial progress in modernizing the service” while enhancing functionality through AI and connecting it to the SuperApp, noting the platform could reach the group’s more than 11 million clients across over 20 countries. The company said ChessBase will remain headquartered in Hamburg, with its core team retained and no job cuts planned, while additional hiring is expected as the platform develops.

Last month, Freedom Holding Corp. (NASDAQ:FRHC) agreed to acquire 99.32% of Turkish Bank A.S. from Ozyol Holding and the National Bank of Kuwait, subject to regulatory approvals in Turkey. The transaction provides entry into a banking market serving around 90 million people and is positioned as part of the group’s ecosystem expansion in the country. The deal covers only Turkish Bank A.S., excluding operations in the United Kingdom and Cyprus, and includes plans to invest in technology upgrades, accelerate digital transformation, and expand offerings for retail and small and medium-sized business customers.

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Freedom Holding Corp. (NASDAQ:FRHC) provides brokerage, banking, investment, and insurance services through its subsidiaries.

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