/KASE, July 2, 13/ – JSC "Rakhat" (Almaty, hereinafter – the company), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press-release of July 2, 2013:
quote
Rakhat JSC, Kazakhstan's leading confectionery company, and LOTTE Confectionery,
a major producer of sweets from South Korea, today officially announced that
LOTTE Confectionery made an agreement on purchase of around 76% of outstanding
shares of Rakhat. The acquisition is subject to customary approvals.
This deal will contribute to further development of mutual economic and cultural
relations between Kazakhstan and South Korea with outlooks for their bilateral
cooperation elevated to a whole new level in the wake of South Korea's
President, Mr. Lee Myung-bak's official visit to Kazakhstan in September 2012
following an invitation from the President of the Republic of Kazakhstan
Nursultan Nazarbaev.
unquote
The full press-release is available on KASE website, in Russian, at:
http://www.kase.kz/files/emitters/RAHT/raht_reliz_020713.pdf
[2013-07-02]