/KASE, December 4, 2019/ – AK Altynalmas (Almaty), whose shares are officially listed on the Kazakhstan Stock Exchange (KASE), has provided KASE with the press release dated December 4, 2019, which states as follows:

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AK Altynalmas acquired controlling interest in KAZAKHALTYN Mining-Metallurgical Concern of 54.24 %.

The acquisition of a controlling interest in KAZAKHALTYN Mining-Metallurgical Concern is a part of AK Altynalmas's business strategy, which is based on expanding its asset base through acquisitions and organic growth.

KAZAKHALTYN Mining-Metallurgical Concern is a promising enterprise, whose production needs to be modernized. AK Altynalmas, having experience in the construction and operation of modern enterprises, intends to bring this expertise to the development of KAZAKHALTYN Mining-Metallurgical Concern, thus creating safer working conditions for its employees and to bring the company to a higher level of productivity while maintaining the principles of environmental care," Diyar Kanashev, President and Chairman of the Management Board of AK Altynalmas, said.

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Full version of the press release in the Kazakh and Russian languages is available at – see more

[2019-12-04]