AFS RECOMMENDS GOVERNMENT TO BUY A 78.14 % STAKE IN BTA BANK

02.02.09 14:53
/INTERFAX-KAZAKHSTAN, Astana, February 2, 09, translated into English by KASE/ - The state agency of Kazakhstan for financial supervision (AFS) suggests the Government buy 78.14 % common shares in the largest commercial bank of the republic BT Bank. "AFS opinion on necessity of additional offering of 29,915,425 common shares of BTA Bank has been prepared; this will consequently form the stake of the State fund Samruk-Kazyna" (in the share capital of the bank. - "IF-K") equal to 78.14% common shares", - head of AFS Elena Bakkhmutova informed at the government meeting on Monday. End of message INTERFAX-KAZAKHSTAN The aforementioned block of information agency INTERFAX-KAZAKHSTAN has been retranslated by Kazakhstan Stock Exchange (KASE) by the special permit of the director of the agency. KASE is releasing the text in the form it was received by the exchange. [2009-02-02]