02.06.2015, 02:08
Kazkommertsbank Board of Directors takes decision to conclude major transaction
OREANDA-NEWS. June 02, 2015. Kazkommertsbank JSC (Almaty, hereinafter – the Bank),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE),
has provided KASE with the following press-release:
... JSC Kazkommertsbank ("KKB" or "The Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces the simultaneous transfer of assets and liabilities between KKB and JSC BTA Bank ("BTA"), the Bank’s subsidiary. The deal constitutes a major transaction and was approved by the Board of Directors on 26 May 2015.
The transaction will take place after the Agreement on the Simultaneous Transfer of Assets and Liabilities ("The Agreement") is approved by the National Bank of Kazakhstan and the announcement on transaction is published in line with article 61-4 of the Law on Banks. KKB and BTA plan to sign the Agreement on 20 June 2015, subject to receiving the necessary approval.
The full press-release is available on KASE website in Russian at http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_290515.pdf
... JSC Kazkommertsbank ("KKB" or "The Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces the simultaneous transfer of assets and liabilities between KKB and JSC BTA Bank ("BTA"), the Bank’s subsidiary. The deal constitutes a major transaction and was approved by the Board of Directors on 26 May 2015.
The transaction will take place after the Agreement on the Simultaneous Transfer of Assets and Liabilities ("The Agreement") is approved by the National Bank of Kazakhstan and the announcement on transaction is published in line with article 61-4 of the Law on Banks. KKB and BTA plan to sign the Agreement on 20 June 2015, subject to receiving the necessary approval.
The full press-release is available on KASE website in Russian at http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_290515.pdf
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