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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kazakh Central Bank: Strategic Russian investor needed for BTA

Posted on 10 November 2010

From Foxbusiness.com: BTA was taken over by Kazakhstan’s sovereign wealth fund Samruk-Kazyna last year, just before defaulting on its foreign obligations. The bank completed its debt restructuring earlier this year, cutting its debt to $4.2 billion from $16.65 billion.
Marchenko said that Kazakh and foreign banks are unlikely to secure the recovery of BTA’s Russian assets as successfully as Sberbank can……………………………………….Full Article: Source

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