Purchasing of 100% Shares of Kazypak Ltd by Kazakhstan Kagazy Plc
OREANDA-NEWS. On August 09, 2007 Kazakhstan Kagazy JSC (Almaty region), bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had notified KASE by the official letter that company Kazakhstan Kagazy Plc had signed the agreement about purchasing of 100% shares of company Kazypak Ltd for $5 m, reported the press-centre of KASE.
According to the message Kazakhstan Kagazy Plc takes on itself the debt liabilities of Kazypak Ltd in size of $3 m. It is expected that deal will be finished to September 30, 2007 after conduction of audit of Kazypak Ltd.
Earlier it was informed that Kazakhstan Kagazy Plc is the mother company of Kagazy Investment ltd LLP. As of July 1, 2007 according to excerpt from register system of shareholders all offered shares of Kazakhstan Kagazy JSC were in privacy of Kagazy Investment ltd LLP.
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