/KASE, November 29, 2019/ – AK Altynalmas (Almaty), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release of November 29, 2019:
As part of business promoting initiatives through construction of new enterprises
and expanding the assets base, a group of leading companies of the gold-mining
sector secured a consolidated loan from structures of VTB Bank. The funds will
be used for purchase by AK Altynalmas of a controlling interest in GMK KAZAKHALTYN
JSC, implementation of the project Aksu with capacity of 5 million tons of ore
a year and optimization of the company's debt portfolio.
Besides, VTB Capital acts as a financial consultant of AK Altynalmas on purchase
of a controlling block of shares in GMK KAZAKHALTYN JSC.
The full press release is available on –