Halyk Bank may give up on BTA deal
The deal to purchase BTA by Halyk Bank may take longer than planned; one shouldn’t rule out the possibility of Halyk Bank giving up on the idea of purchasing BTA in case Kazakhstan Government doesn’t offer concessions in terms of price.
New Baiterek holding to attract investments to State Industrialization Program
National Management Holding Baiterek will be established in Kazakhstan.
Kuandyk Bishimbayev comments on People's IPO folding rumors
Deputy chairman of Samruk-Kazyna National Welfare Fund Kuandyk Bishimbayev commented on the People’s IPO folding rumors.
People's IPO in Kazakhstan might fold
Implementation of the People’s IPO in Kazakhstan will be suspended until the end of the year and will possibly even fold altogether.
Samruk-Kazyna to replace 30% of its managing directors
Samruk-Kazyna National Welfare Fund may replace one third of its managing directors.
KEGOC ready for People's IPO
KEGOC has completed the preparatory work and internal procedures for the IPO.
U.S. dismisses Rakhat Aliyev family members' claim against Samruk-Kazyna board member
The U.S. court has dismissed a claim of Rakhat Aliyev’s relatives -- brothers Devincci and Issam Hourani -- against Samruk-Kazyna board member Alexander Mirtchev and his company Krull Corporation.
Temirbank ready to merge with Alliance Bank
Temirbank is ready to merge with Alliance Bank and is waiting for the shareholders’ decision.
Samruk-Kazyna to implement 83 projects worth over $51 billion
The fund is additionally considering implementation of another 83 investment projects worth $51.7 billion: press-service.
Billionaire Bulat Utemuratov mulls buying Temir and Alliance Banks: media
The cost of Alliance Bank and Temirbank may range from $500 million to $1 billion.
China to help Kazakhstan produce FMCG
Samruk-Kazyna National Welfare Fund and Chinese corporation CITIC Group is expanding their investment activities in Kazakhstan's non-energy sector.
Kazakhstan's Samruk-Kazyna cutting expenses
The group is expected to save around 70 billion tenge ($467 million) in three years: Samruk-Kazyna press-service.
Anvar Saidenov resigns from BTA Bank's board
BTA Bank announced planned changed in the board in relation to completion of the restructuring procedure.
Funding found for gas pipeline via Astana
Chairman of Samruk-Kazyna National Welfare Fund expects construction of Tobol-Kokshetau-Astana gas pipeline to start in Q1 2013.
National Fund's money reinvested in economy: Samruk-Kazyna
The funds allocated from the National Fund for anti-crisis measures are being returned and reinvested in Kazakhstan economy.
Samruk-Kazyna to spend $101 billion on investment projects
The fund will be taking part in implementation of the industrial program in 2013 in Kazakhstan: chairman.
It’s feasible for Samruk-Kazyna to exit three bailed out banks in 2013
February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the banks within a year’s time.
Samruk-Kazyna to exit BTA Bank, Alliance Bank and Temirbank: Nazarbayev
President stressed that several measures had been taken in the banking system to decrease the external debt and the process had to be continued.
Samruk Kazyna Sovereign Wealth Fund Board Chairwoman comments on Russia’s Sberbank President German Gref’s concerns
Mr. Gref earlier expressed concerns that Kazakhstan is taking steps to restrict operations of foreign banks in Kazakhstan, including those of Sberbank.
Kazakhstan will use German technologies to build wind power plants
Samruk Green Energy and KazAgroFinance have signed an agreement on joint sales of small wind generators.