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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kazakh Samruk-Kazyna reaches agreement on sale of its shares in two banks

Posted on 13 December 2013

Kazakh Sovereign Wealth Fund Samruk- Kazyna reached an agreement with Kazakh investor Bulat Utemuratov on the sale of its shares in Temirbank and part of its shares in Alliance Bank. Samruk- Kazyna will sell 79.88 percent of the ordinary shares in Temirbank and 16 percent of the common and preferred shares in Alliance Bank, according to the agreement.
Meanwhile, Samruk-Kazyna will remain the main shareholder of Alliance Bank with 51 percent of the common and preferred shares following the transaction………………………………………..Full Article: Source


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