AK Altynalmas acquires 100% stake in authorized capital of AAEngineering Group

02.06.21 16:57
/KASE, June 2, 2021/ – AK Altynalmas (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with a press release dated June 2, 2021, which states the following: quote JSC "AK Altynalmas" (hereinafter referred to as Altynalmas) in terms of sustainable business development initiatives acquired 100% participation interest in the authorized capital of AAEngineering Group LLP (hereinafter referred to as AAE). AAE has many years of experience and is a recognized leader in the market of design, construction and reconstruction of industrial facilities of the MMC sector, both in Kazakhstan and abroad. AAE's success and leadership in the application of advanced technologies in design and project implementation (BIM, Digital Twin, Digital iTwin) is marked by such prestigious international awards as YEAR IN INFRASTRUCTURE AWARDS 2018 & 2020, TEKLA BIM AWARDS 2018 and 3 2019/2020. The AAE team, having successfully completed several projects for Altynalmas in the past, is a long-time partner of Altynalmas, as well as a contractor for several new projects. The acquisition of AAE is strategic to implementation of Altynalmas' future business development plans. unquote The full version of the press release in Kazakh, Russian and English is available at the link – https://kase.kz/files/emitters/ALMS/alms_reliz_020621_1.pdf [2021-06-02]