Sun, Apr 20, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Kazakh bank Halyk to repurchase state-held shares

Posted on 11 March 2011

From Reuters: Halyk and Almex, a company owned by entrepreneur Timur Kulibayev and his wife Dinara, a daughter of President Nursultan Nazarbayev, will together spend 33 billion tenge ($226 million) buying back the shares from sovereign wealth fund Samruk-Kazyna.
Almex will transfer part of its call option on the 259 million common shares held by Samruk-Kazyna to Halyk, the bank said, in a deal that will then see Halyk buy back 213 million shares and Almex 46 million at a price of 126.8 tenge per share……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930