/KASE, March 14, 2023/ – Freedom Holding Corp. (USA), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated February 28, 2023:
quote
Freedom Holding Corp. completed the transfer of Russian assets to the new owner.
The parties signed an agreement on the transfer of the entire business of
the holding in the Russian Federation directly to Maxim Povalishin. As of today,
all settlements between Freedom Holding Corp. and the new owner of the Russian
division have been completed. The holding has completely withdrawn from Russia.
Freedom Holding Corp. on October 20 last year concluded an agreement on sale
and purchase of the 100% stake in the authorized capital of IC Freedom Finance
LLC and Bank "Freedom Finance" LLC. Maxim Povalishin, one of the top
managers of Freedom Finance, acquired the companies for almost $140 million. In
early February 2023 the Bank of Russia gave permission for this transaction.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/FRHC_KZ/frhc_kz_relizs_280223.pdf
[2023-03-14]