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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Kazkommertsbank, businessman may get control of Kazakh BTA Bank

Posted on 30 December 2013

Kazkommertsbank and Kazakh businessman Kenes Rakishev may buy equal stakes in BTA Bank, acquiring control over Kazakhstan’s third-largest lender, Kazakh sovereign wealth fund Samruk-Kazyna said on Monday.
Samruk-Kazyna will retain a minority stake in BTA Bank, the fund said after reaching what it called a preliminary and non-binding deal with the investors………………………………………..Full Article: Source


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