Turkish Karsan says signs MOU with Finmeccanica unit

Newswire

ISTANBUL, Aug 27 (Reuters) - Turkish automotive manufacturer Karsan said on Friday it signed a memorandum of understanding with Italian Finmeccanica unit Breadamenarinibus on manufacture and sales of buses. Karsan shares were up 1.27 percent at 1.59 lira, outperforming the Istanbul Stock Exchange. The two companies have tested production of the buses and a final agreement is expected to be signed in September.

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