Development Bank of Kazakhstan gives its shareholding under trust management of National managing holding Baiterek
03.06.13 17:53
/KASE, June 3, 13/ – JSC "Development Bank of Kazakhstan" (Astana), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following communique of June 3, 2013:
quote
In accordance with the agreement of May 29, 2013 between JSC "National managing
holding "Baiterek" (Holding) and JSC "Sovereign Wealth Fund" Samruk-Kazyna the
shareholding of Development Bank of Kazakhstan was handed over under the
Holding's trust management.
Later, in accordance with President Decree No. 571 of May 22, 2013 "On some
measures to optimize the system of management of development institutes,
financial organizations and development of the national economy" and resolution
No. 516 of the government of the Republic of Kazakhstan dated May 25, 2013 "On
measures to implement the President Decree No. 571 of May 22, 2013 "On some
measures to optimize the system of management of development institutes,
financial organizations and development of the national economy", the Bank's
shareholding has to be handed over under the Holding's trust management.
unquote
[2013-06-03]