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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Kazakh bank Halyk to repurchase state shares in H1

Posted on 11 November 2010

From Reuters: Halyk Bank, Kazakhstan’s No.2 lender by assets, plans by the end of the first half of 2011 to repurchase shares acquired by the state during the financial crisis last year. Kazakh sovereign wealth fund Samruk-Kazyna bought a 26.8 percent stake in Halyk in 2009 as part of a government anti-crisis programme.
The fund said in March it could possibly sell the stake in 2010……………………………………….Full Article: Source

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