/KASE, April 20, 2016/ – Kazkommertsbank (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press-release:
quote
... Kazkommertsbank (the Bank, KKB), one of the largest banks in Kazakhstan
and Central Asia, announces that Mr. Kenges Rakishev, major shareholder of
the Bank, reached preliminary agreement with Mr. Nurzhan Subkhanberdin and
JSC Central Asian Investment Company (CAIC) on acquisition of common
shares of the Bank owned by Mr. Subkhanberdin and CAIC.
Under the terms of this transaction Mr. Kenges Rakishev acquired 115,486,789
common shares from CAIC. As a result Mr. Rakishev's direct holding in KKB
increased from 28.67% to 43.15%, and he directly and indirectly (through JSC
Qazaq Financial Group) controls 71.23% of KKB common shares.
It is expected that Mr. Rakishev will purchase remaining common shares of the
Bank from Mr. Subkhanberdin and CAIC till the end of the 3rd quarter of 2016
subject to relevant approvals and compliance with other conditions required for
such transactions.
unquote
The full press-release is available on KASE website
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_200416_en.pdf
[2016-04-20]