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Kazakhstan|business|March 3, 2015 / 04:57 PM
Kenes Rakishev becomes major Kazkom shareholder, sells his share in BTA to KKB

AKIPRESS.COM - kazkommertsbank Kazkommertsbank said on March 3 that it has acquired 304,187,299,781 common shares of BTA Bank at a price of 0.24162 tenge per common share from businessman Kenes Rakishev.

This was in line with the integration model approved by the shareholders of the two banks on 26 December 2014.

As a result, KKB’s holding in BTA increased from 47.415% to 94.83%.

This, together with the common shares of JSC Samruk-Kazyna National Wealth Fund in the trust management of KKB (4.26%,) provides KKB with 99.09% of the voting rights in BTA.

In addition, Kenes Rakishev purchased 127,777,704 common shares of KKB at a price of 575.2 tenge per common share under the share offering agreement announced earlier.

Following this transaction and after receiving necessary regulatory approvals, Kenes Rakishev is now a major shareholder of Kazkommertsbank.

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