OREANDA-NEWS. November 17, 2014. Kazkommertsbank (“KKB”), one of the largest banks in Kazakhstan and Central Asia, today announces the sale of 0.92% of JSC BTA Bank’s common shares to K. Rakishev at a price of 0.24162 tenge per common share.

This transaction is based on an earlier agreement to equally distribute common shares purchased by KKB and Mr. Rakishev from BTA’s minority shareholders.

As a result of the transaction the shareholding structure of BTA has changed as follows:
 
Shareholder     Number of shares     Share
Kazkommertsbank      304,187,299.781    47.415%
Kenes Rakishev    304,187,299,781    47.415%
Samruk-Kazyna*    27,351,461,050    4.26%
Minority shareholders      5,769,817,498     0.91%
Total:           100%

*BTA shares owned by JSC NWF Samruk-Kazyna have been transferred to KKB’s trust management with voting rights.