30 May 2011 | 12:08

Russia’s Sberbank outlines conditions to purchase BTA

viewings icon comments icon

ПОДЕЛИТЬСЯ

whatsapp button telegram button facebook button
German Gref. RIA Novosti © German Gref. RIA Novosti ©

Russia’s Sberbank announced commercial conditions on which it is ready to purchase Kazakhstan’s BTA Bank. It was announced by Sberbank Chief Executive German Gref in an interview for Kommersant newspaper. “We are in talks with the Government of Kazakhstan. The deal is far from being straightforward. We have outlined commercial conditions acceptable for us to buy BTA. Should Kazakhstan accept the conditions, the deal will be closed (…) The asset requires substantial involvement of the Kazakhstan’s Government”, Mr. Gref said. Early 2011 Chairman of the National Bank Gregory Marchenko did not rule out sales of BTA through the people’s IPO in case Sberbank didn’t purchase it first. Sberbank today is the largest credit institution in Russia and CIS. For a long time Sberbank was considered the most probable candidate to purchase Kazakh Government’s stake in BTA Bank. The Government [represented by Samruk Kazyna Sovereign Fund] is expected to sell its stakes in in BTA, Temir Bank and Alliance Bank before 2014, KazTAG reported April 6. This was announced by Kairat Kelimbetov, the then Chairman. He made this announcement at the Minex Central Asia – 2011 mining forum in Astana. In 2009, as part of the government’s anti-crisis package, Samruk-Kazyna Sovereign Wealth Fund bought common stock in the mentioned above banks.

whatsapp button telegram button facebook button copyLink button
Иконка комментария блок соц сети
Russia’s Sberbank announced commercial conditions on which it is ready to purchase Kazakhstan’s BTA Bank. It was announced by Sberbank Chief Executive German Gref in an interview for Kommersant newspaper. “We are in talks with the Government of Kazakhstan. The deal is far from being straightforward. We have outlined commercial conditions acceptable for us to buy BTA. Should Kazakhstan accept the conditions, the deal will be closed (…) The asset requires substantial involvement of the Kazakhstan’s Government”, Mr. Gref said. Early 2011 Chairman of the National Bank Gregory Marchenko did not rule out sales of BTA through the people’s IPO in case Sberbank didn’t purchase it first. Sberbank today is the largest credit institution in Russia and CIS. For a long time Sberbank was considered the most probable candidate to purchase Kazakh Government’s stake in BTA Bank. The Government [represented by Samruk Kazyna Sovereign Fund] is expected to sell its stakes in in BTA, Temir Bank and Alliance Bank before 2014, KazTAG reported April 6. This was announced by Kairat Kelimbetov, the then Chairman. He made this announcement at the Minex Central Asia – 2011 mining forum in Astana. In 2009, as part of the government’s anti-crisis package, Samruk-Kazyna Sovereign Wealth Fund bought common stock in the mentioned above banks.
Читайте также
Join Telegram Последние новости
Kazakhstan celebrates Independence Day
Tokayev honored energy sector workers
Sharp cold snap is coming to Kazakhstan
Forecasters warn Almaty residents
Tokayev arrived in Zhetysu region
Kazhydromet warned residents of Almaty
Лого TengriNews мобильная Лого TengriSport мобильная Лого TengriLife мобильная Лого TengriAuto мобильная Иконка меню мобильная
Иконка закрытия мобильного меню
Открыть TengriNews Открыть TengriLife Открыть TengriSport Открыть TengriTravel Открыть TengriGuide Открыть TengriEdu Открыть TengriAuto

Exchange Rates

 522.63  course down  550.92  course up  5.1  course up

 

Weather

 

Редакция Advertising
Социальные сети
Иконка Instagram footer Иконка Telegram footer Иконка Vkontakte footer Иконка Facebook footer Иконка Twitter footer Иконка Youtube footer Иконка TikTok footer Иконка WhatsApp footer