ATFBank (Kazakhstan) informed that Kazakhstan National Bank approved acquisition by LLP KazNitroGen of 99.75 % shares of the bank from UniCredit Bank Austria
10.04.13 11:16
/KASE, April 10, 13/ – ATFBank (Almaty), securities of which are officially
listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following
press release of April 9, 2013:
quotation
Today, the National Bank of the Republic of Kazakhstan announced that at the
last meeting of its Management Board, held on March 29, 2013, was approved
acquisition of ATFBank by Limited Liability Partnership KazNitroGen (KNG).
The deal closing is expected by the end of April 2013.
As was previously announced, UniCredit Bank Austria signed an agreement of
buying-selling shares with KNG to sell 99.75% in Kazakhstan ATFBank. "KNG"
is the financial holding. "KNG" intends to become one of the key players on
the market of financial services, and acquisition of ATFBank is the basis of
this strategy. KNG is Kazakh-based company that intends to develop the bank
and the banking services market, constributing into development of Kazakhstan
economy. In the nearest time KNG will announce its strategic plans on ATFBank
development, where it will specify measures on further strengthening of the
bank position in all market segments.
Contacts:
PR Service
pr@atfbank.kz
Elvira Peltola
Tel.: +7 (727) 2583 000, ext. 06-63
е -mail: Elvira.Peltola@atfbank.kz
ends
[2013-04-10]