Kazakhstani businessman Kenes Rakishev has been granted a permission to purchase BTA Bank by the National Bank of Kazakhstan.
Altogether, there are 9.7 million accounts, with the overall savings amount standing at $21.3 billion.
Samsung SDI, the world's largest smartphone battery maker, said Monday it would absorb an affiliate producing electronic chemical materials, in the latest restructuring of the giant Samsung Group.
Earlier today KazKommertsBank said that the lender and entrepreneur Kenes Rakishev will buy 46.5% in BTA each from Samruk-Kazyna Sovereign Wealth Fund.
The US Department of Justice said Monday it is still in talks with US Airways and American Airlines to settle competition concerns in their proposed merger.
Lawyers for US Airways and American Airlines voiced confidence Wednesday that they can defeat the US suit to prevent their merger, but allowed that a negotiated deal was also possible.
The US Justice Department and several states sued Tuesday to block the $11 billion merger between American Airlines and US Airways, saying it would reduce competition and push up fares.
Temirbank is ready to merge with Alliance Bank and is waiting for the shareholders’ decision.
A US bankruptcy court judge approved Wednesday the merger of American Airlines and US Airways, which will create the country's largest airline.
Famed founders of Internet rivals Google and Facebook joined forces on Wednesday to back big-money prizes for research aimed at extending human life.
A foreign company interested in the local market suggestion to merge all the Kazakhstan pension funds into one and transfer it to foreigners for management was made in 2010: source.
Thursday's merger between American Airlines and US Airways marks the latest in a series of recent deals that has consolidated the airline industry.
American Airlines and US Airways are close to striking a merger deal that would create the largest airline in the United States in the latest bout of consolidation in the US aviation industry.
Swiss mining group Xstrata and commodities giant Glencore said on Monday they had agreed on new terms for their tie-up to create a massive company worth about 70 billion euros ($90 billion).
Education Ministry is considering merging the universities in Taraz, Ust-Kamenogorsk, Uralsk, Aktobe, Kostanay, Kokshetau and Shymkent.
BTA Bank, currently in pre-default condition, will possibly merge another major Kazakhstan bank.
- National Bank
- BTA Bank
- pension fund
- South Korea
- Asia Pacific
- United States
- Samruk Kazyna
- Mark Zuckerberg