10.11.2010 - Kazakh Central Bank: Strategic Russian investor needed for BTA
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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