Freedom Holding Corp. acquires Aviata and Chocotravel services

27.04.23 10:38
/KASE, April 27, 2023/ – Freedom Holding Corp. (USA), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated April 24, 2023: quote Freedom Holding Corp. announces the acquisition of the 100 % stake in Aviata and Chocotravel services from Choco Holding. The purchase is expected to be completed by the end of the year. The total amount of the deal is $32.3 million. Timur Turlov, CEO of Freedom Holding Corp.: "We are building a complete ecosystem of digital services for our clients, so the acquisition of Aviata and Chocotravel services is a logical contribution to the development of the group. This integration will allow us to interact with more than a million air passengers in Kazakhstan, who are considered an economically active category of the population. Thanks to effective communications with existing customers of the services, the holding will be able to achieve significant synergies: attract new customers for the bank's platform, as well as integrate the operation of Aviata and Chocotravel with the payment system and insurance organizations of the group". unquote The complete press release is available on – [2023-04-27]