Sat, Aug 29, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

Kazakhstan SWF handles bank bail-outs

Posted on 03 February 2009

From FT: Kazakhstan took over its leading bank yesterday and said it was negotiating to sell assets to Russia as the global financial crisis and depressed oil prices intensify pressure on its economy. Samruk-Kazyna, the sovereign wealth fund handling bank bail-outs, is to buy 78.14 per cent of BTA for $2.06bn (€1.6bn, £1.45bn), the government said.

The move marks a dramatic change in the Kazakh banking landscape, until now dominated by private investors. Samruk-Kazyna recently pumped $1bn into Kazkommertsbank and Halyk, the second and third biggest banks….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 16969 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
August 2015
M T W T F S S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31