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Kazakhtelecom (Kazakhstan) announces concluding non-arms' length deal with Altel
/KASE, August 5, 13/ – JSC "Kazakhtelecom" (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following:
quote
... at a meeting of the Board of Directors of JSC "Kazakhtelecom" (hereinafter – the Company), held on June 28, 2013, it was decided to conclude a non-arm's length deal – Financial aid agreement with JSC "ALTEL".
Financial aid amount – KZT8,296,955,350.
Percentage ratio of financial aid amount to total assets of the Company – 2 %;
Financial aid agreement between JSC "Kazakhtelecom" and JSC "ALTEL" was concluded on July 10, 2013".
unquote
[2013-08-05]