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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Debt restructuring at Kazakh bank BTA

Posted on 27 January 2012

Shareholders in Kazakh bank BTA , majority-owned by the sovereign wealth fund, voted against a debt restructuring plan at a meeting on Thursday, a week after the bank went into official default for the second time.

Aug 2010- BTA completes a multibillion dollar debt restructuring programme, which leads to sovereign wealth fund Samruk-Kazyna becoming an 81.5 percent shareholder in the bank. Samruk-Kazyna pledges, in time, to sell its stake to the private sector………………………………………..Full Article: Source


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