site.news_by_theme Samruk Kazyna

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.

National Management Holding Baiterek will be established in Kazakhstan.

Deputy chairman of Samruk-Kazyna National Welfare Fund Kuandyk Bishimbayev commented on the People’s IPO folding rumors.

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 National Welfare Fund may replace one third of its managing directors.

KEGOC has completed the preparatory work and internal procedures for the IPO.

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 is ready to merge with Alliance Bank and is waiting for the shareholders’ decision.

The fund is additionally considering implementation of another 83 investment projects worth $51.7 billion: press-service.

The cost of Alliance Bank and Temirbank may range from $500 million to $1 billion.

Samruk-Kazyna National Welfare Fund and Chinese corporation CITIC Group is expanding their investment activities in Kazakhstan's non-energy sector.

The group is expected to save around 70 billion tenge ($467 million) in three years: Samruk-Kazyna press-service.

BTA Bank announced planned changed in the board in relation to completion of the restructuring procedure.

Chairman of Samruk-Kazyna National Welfare Fund expects construction of Tobol-Kokshetau-Astana gas pipeline to start in Q1 2013.

The funds allocated from the National Fund for anti-crisis measures are being returned and reinvested in Kazakhstan economy.

The fund will be taking part in implementation of the industrial program in 2013 in Kazakhstan: chairman.

February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the banks within a year’s time.

President stressed that several measures had been taken in the banking system to decrease the external debt and the process had to be continued.

Mr. Gref earlier expressed concerns that Kazakhstan is taking steps to restrict operations of foreign banks in Kazakhstan, including those of Sberbank.

Samruk Green Energy and KazAgroFinance have signed an agreement on joint sales of small wind generators.
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