Kazakhstan Kagazy Makes Big Deal with Kazakhstan Kagazy
OREANDA-NEWS. October 22, 2009. Kazakhstan Kagazy (Almaty Region), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, informed KASE by the official letter that, reported the press-centre of KASE:
Kazakhstan Kagazy, the largest in Central Asia producer of paper, corrugated cardboard and packing products, and the leading Centra-Asian operator of the commercial storing and the industrial infrastructure development announced the purchase by the company Theta Investment Holdings Limited ("THIL") in Baglan Zhunus of 23.9% from the total number of common shares. Kazakhstan Kagazy also informed on purchasing by Frajon Holding Limited ("FRAJON") in Maksat Arip of 25,000,000 common shares or 23.9% from the total number of common shares of Kagazy. Baglan Zhunus (at present has 4.7% of shares) and Maksat Arip were
one of the founders of Kagazy.
New shareholders plan the long-term investment for future competitiveness and economic growth of Kagazy Group.
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