Last checked at 27 Mar 2013 08:56
PRESS-RELEASE
In relation to the possible sale of shares of JSC "APF of Halyk Bank of Kazakhstan"
and possible offer to purchase the shares of JSC "BTA Bank"
27 March 2013
Further to the official announcement dated 19 February 2013, JSC "Halyk Bank" (hereinafter - "Halyk Bank") would like to communicate that on 27 March 2013 it has received a letter from JSC "Samruk-Kazyna" (hereinafter - "Samruk-Kazyna") proposing to enter into discussions on the potential acquisition by Samruk-Kazyna of some or all of the shares in JSC "APF of Halyk Bank of Kazakhstan" (hereinafter - the "Pension Fund") held by Halyk Bank, and the potential acquisition by Halyk Bank of some or all of the shares in JSC "BTA Bank" (hereinafter - "BTA Bank") held by Samruk-Kazyna.
Halyk Bank has taken no decision and has made no commitments with respect to any potential disposal of the Pension Fund or acquisition of BTA Bank, and there can be no assurance that any such transaction will take place.
The Pension Fund continues to operate in the normal course of business.
Halyk Bank has retained the services of reputable independent financial and legal advisors, and may retain further advisors, for comprehensive consideration of any possible offer that may be forthcoming from the Government of the Republic of Kazakhstan or Samruk-Kazyna in connection with the potential sale of a stake in the Pension Fund and / or acquisition of the shares in BTA Bank. As such, any possible decision to dispose of some or all of Halyk Bank's stake in the Pension Fund or to acquire a stake in BTA Bank will only be taken in accordance with international standards, international rules relevant to Halyk Bank's London listing of GDRs and the legislation of the Republic of Kazakhstan, following satisfactory completion of necessary due diligence and other procedures, and any subsequent transaction will be entered into on arm's length terms and based upon the principles of fair market value.
Halyk Bank will report any material developments in connection with the Pension Fund and BTA Bank in due course.
For further information please contact:
Halyk Bank
Dauren Karabayev Viktor Skryl |
+7 727 259 68 10 +7 727 259 04 27 |