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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

BTA Bank completes buyback of common shares from Samruk-Kazyna and terminates trust management agreement

Posted on 30 September 2015

JSC BTA Bank announces on September 28 on completion of buyback of 27,351,461,050 common shares representing 4.26% of outstanding common shares from JSC National Wealth Fund Samruk-Kazyna and on termination of the Trust management agreement in respect these common shares.
Buyback of common shares and its conditions were approved by the Board of Directors of BTA on 5 January 2015 based on recommendations of the extraordinary general meeting of BTA shareholders after approval of KKB and BTA integration model by shareholders. Due to buyback of common shares from Samruk-Kazyna, the Trust Management Agreement signed on 31 January 2014 between KKB as Trustee and JSC Sovereign Wealth Fund Samruk-Kazyna as Trustor was terminated………………………………………..Full Article: Source


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