20.05.2014 - Kazakh Sovereign Wealth Fund completes deal on Temirbank and Alliance Bank share sale
Sovereign Wealth Fund Samruk-Kazyna joint-stock company completed a deal with businessman Bulat Utemuratov for shares in Temirbank and some shares in the Alliance Bank, the fund said on May 15. Samruk-Kazyna and Bulat Utemuratov completed the deal on 79.88 percent of ordinary shares of Temirbank to the amount of 35.7 billion tenge and 16 percent of ordinary and preference shares in Alliance Bank to the amount of 1.5 billion tenge," according to a statement. Moreover, Temirbank additionally paid Samruk-Kazyna dividends worth $ 9.1 billion tenge from retained earnings in 2010-2012............................................Full Article: Source
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