trending Market Intelligence /marketintelligence/en/news-insights/trending/mYrRP1-QdKClHhRbTwBWjw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Kazkommertsbank biggest shareholder offers to acquire more shares

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Kazkommertsbank biggest shareholder offers to acquire more shares

Kenges Rakishev, JSC Kazkommertsbank's biggest shareholder, offered toacquire additionalshares of the bank from other shareholders at a weighted averageprice of 211.4978 Kazakhstan tenge per common share and 79 tenge per preferredshare.

Shareholders willing to sell their shares have 30 days torespond to the offer.

Following a recent preliminary agreement with NurzhanSubkhanberdin and JSC Central Asian Investment Co. to acquire their commonshares in Kazkommertsbank, Rakishev's direct and indirect ownership in the bankincreased to 71.23%.

As of May 6, US$1 wasequivalent to 326.11 Kazakhstan tenge.