Kazkommertsbank sold 95.75% stake of its affiliated bank in Kyrgyzstan
Almaty. February 18. KazTAG - Kazkommertsbank has sold 95.75% stake of its affiliated bank Kazkommertsbank Kyrgyzstan.
"Kazkommertsbank has sold its shareholding in the affiliated bank Kazkommertsbank Kyrgyzstan within the frameworks of integration process with the BTA bank and optimization of affiliated structures," reads the message posted on Kazakhstani Stock Exchange. The bargain was concluded on February 16 2015.
"The number of sold shares- 293 975- ordinary shares, which comprise 96.75% of the fixed capital of Kazkommertsbank Kyrgyzstan," reads the message.
The cost was defined by the results of independent estimation held by the international auditor company.