OREANDA-NEWS. On November 14, 2007 Press-service of ATFBAnk JSC (Almaty), securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had spread the press-release in which the following is informed, reported the press-centre of KASE:

Bank Austria Creditanstalt (AA-NA), subdivision of UniCredit Group for commercial banking operations in Central and Eastern Europe, had finished the process of purchasing of 91,8% from total amount of issued shareholders' capital of ATFBank JSC. Approximate price of deal made $2,117 m. (about 1,452 euro at current rate).

In particular, Bank Austria Creditanstalt (AA-NA) purchased 95,6% from total number of issued common shares for $1,661 m. and 85% from total amount of issued preferred shares for $456 m. As it was informed on June 21, 2007, according to terms of agreement, signed by Bank Austria Creditanstalt and private shareholders of ATFBank JSC, price of deal will be increased by corresponding stake from next payment, calculated from 50% of consolidated net income of ATFBank in year 2007, considering any  divergences, indicated in audited consolidated financial statement (comparative to financial statements of last years)..

Also according to law of Republic of Kazakhstan about joint stock companies, on November 17, 2007 Bank Austria Creditanstalt announces the compulsory tender for free shares at the price KZT10,180.93 (equivalent $84,37) per each common share and KZT5,675.11 (equivalent $47,03) per each preferred share. In each case price for share will be coordinated with Bank Austria Creditanstalt and main shareholders of ATFBank.

Offer will be opened during 30 days, and minority shareholders will have the opportunity to offer their common and/or preferred shares till December 17, 2007. Shareholders, offering their shares in the frames of compulsory tender will also have the right to receive corresponding stake from corrected price, described above.

With purchase of ATFBank JSC, UniCredit Group will continue to strengthen its positions in Central and Eastern Europe due to presence in Republic of Kazakhstan, and also additional banking operations in Republic of Kyrgyzstan, Republic of Tajikistan and Russian Federation.

As consultants from the side of Bank Austria Creditanstalt were acting: Credit Suisse, UniCredit MIB and Allen&Overy.