07 июля 2014 12:36

Samruk-Kazyna withdraws from Temirbank

ПОДЕЛИТЬСЯ

Photo ©temirbank.kz Photo ©temirbank.kz

Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank, Tengrinews reports citing KASE.


Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank, Tengrinews reports citing KASE.

Samruk-Kazyna carved-out 15 980 933 000 ordinary shares (79.88 %) of Temirbank. As a result, according to KASE, Samruk-Kazyna completely withdrew from Temirbank.

In 2013, the fund finalized negotiations on sale of shares in Temirbank and Alliance bank to Bulat Utemuratov. The millionaire agreed to buy 79.88% of ordinary shares in Temirbank and 16% of ordinary and preferred shares in Alliance Bank. A binding agreement was signed. This left Samruk-Kazyna free of any holdings in Temirbank, but still the main shareholder of Alliance Bank with 51% of ordinary and preferred shares.

The Central Bank of Kazakhstan approved the deal between Samruk-Kazyna and Utemuratov.

Deputy Chairman of Samruk-Kazyna National Wealth Fund Yelena Bakhmutova said that the fund's withdrawal from these two commercial banks is a step towards stabilization of the financial sector.

Both bank's are in Kazakhstan's top 10 by assets.

Reporting by Azhar Ashirova, writing by Gyuzel Kamalova, editing by Tayana Kuzmina 

Читайте также
Join Telegram

Exchange Rates

 441.8   490.7   4.89 

 

Weather

 

Редакция Advertising
Социальные сети