trending Market Intelligence /marketintelligence/en/news-insights/trending/mYrRP1-QdKClHhRbTwBWjw2 content esgSubNav
In This List

Kazkommertsbank biggest shareholder offers to acquire more shares

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration


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.