Consortium Exim-Invest became the winner of trades on selling of 100% state block of shares of Eximbank Kazakhstan OJSC

Consortium Exim-Invest became the winner of trades on selling of 100% state block of shares of Eximbank Kazakhstan OJSC /Kazakhstan today, February 12, 04/ - Consortium Exim-Invest became the winner of trades on selling of 100% state block of shares of Eximbank Kazakhstan OJSC having offered the highest price for this state block. A correspondent of KZ-today was informed about it by the press-service of the ministry of finance of Kazakhstan. Sale price was KZT2.1 bn. that was $15.089 m. whereas starting price was KZT1.8 bn. or $13.2 m. State block of shares at the rate of 100% of authorized capital of Eximbank Kazakhstan OJSC, in accordance with the resolution of Kazakhstan government dated December 18, 03 ¦ 1267 "About some questions of activity of Eximbank Kazakhstan OJSC and Rehabilitation fund CJSC, was been exhibited for auction by English method on February 11 of 2004 by single lot. Following entities took part in the auction: Central-Asian heat-energy company CJSC and consortium Exim-Invest consisting of 11 juridical persons. License of the National Bank of Kazakhstan gives Eximbank Kazakhstan OJSC the right to conduct the following operations: deposit acceptance, opening and maintenance of bank accounts, cash and accounting operations, organization of exchange operations with foreign currency and other. The compulsory requirement for trade participants was fulfillment of the demands of Kazakhstan Law "About banks and banking activity in the Republic of Kazakhstan" dated August 31 of 1995 ¦ 2444 concerning agreement of authorized body for receiving of the status of big participant of second tier bank or bank holding for juridical or physical persons purchasing 10% or more of the Bank's voting shares. [2004-02-12]