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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Kazakhstan’s Halyk to complete state share buyback

Posted on 06 July 2012

Halyk Bank , Kazakhstan’s second-largest lender by assets, said it intended to buy back its remaining state-held shares on Thursday, in a sign of recovering health after the financial crisis.
Halyk, part-owned by the family of Kazakh President Nursultan Nazarbayev, was among four Kazakh banks bailed out by the state via the country’s sovereign wealth fund Samruk-Kazyna in 2009. Samruk-Kazyna held 11.55 percent of shares, and minor Halyk shareholders another 9.59 percent………………………………………..Full Article: Source


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