Eurasian Bank Sold Subsidiaries to Sole Shareholder
OREANDA-NEWS. On March 11, 2009 Eurasian Bank (Almaty), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, informed KASE that according to decisions of the Board of Directors, Eurasian Bank sold to its sole shareholder Eurasian Financial and Industrial Company (EFIC) - three subsidiaries – Eurasian Capital, Eurasian accumulative pension fund (EAPF) and Insurance Company Eurasia (IC Eurasia), reported the press-centre of KASE.
Eurasian Bank sold to EFIC 100,000 common shares of Eurasian Capital that makes up 100% from the total number of offered shares of the company, at KZT1000 per share, the total cost of sold shares - KZT100,000,000.00.
Eurasian Bank sold to EFIC 45,000 common shares of EAPF that makes up 100% from the total number of offered shares of the company, at KZT37,851.45 per share, the total cost of sold shares - KZT1,703,315,250.
Eurasian Bank sold to EFIC 200,000 common shares of IC Eurasia that makes up 100% from the total number of offered shares of the company, at KZT11,000 per share, the total cost of sold shares - KZT2,200,000,000.00.
Thus, the deal total amount is KZT4,003,315,250.
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