Tue, Sep 16, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

Kazakh tycoon eyes purchase of state-run Alliance, Temirbank

Posted on 11 October 2013

Kazakh billionaire Bolat Utemuratov has reached a preliminary non-binding agreement with Kazakhstan’s sovereign wealth fund Samruk-Kazyna on the purchase of two mid-sized banks which it controls, the two sides said on Thursday.
Kazakhstan’s government bailed out and acquired controlling stakes in Alliance Bank and Temirbank during the global financial crisis. Samruk-Kazyna owns 67 percent of Alliance Bank and 79.9 percent of smaller Temirbank………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14746 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930