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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Samruk-Kazyna may purchase Halyk Bank Pension Fund through selling its stake in BTA Bank

Posted on 28 March 2013

Kazakhstan’s Samruk-Kazyna Sovereign Wealth Fund has suggested that Halyk Bank consider purchasing BTA Bank, KazTag Agency reports, citing Ms. Umyt Shayakhmetova, Halyk Bank’s Chairwoman of the Board as saying March 27.
“This morning the Bank received a letter from the Sovereign Wealth Fund asking to start talks (…) to consider purchasing BTA Bank”, Ms. Shayakhmetova said. Earlier the country’s Vice PM Kairat Kelimbetov announced in an interview that as part of the government’s plan to launch a single pension fund there is an option of exchanging Halyk Bank Pension Fund’s shares for BTA Bank’s shares [owned by Samruk-Kazyna Sovereign Wealth Fund]………………………………………..Full Article: Source


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