Baku, Azerbaijan, October 4
By Nargiz Sadikhova - Trend:
Holding Group ALMEX JSC has sold 10 percent worth $344.47 million of its shares in Kazakhstan’s Halyk Bank, Trend reports with reference to Kazakhstan Stock Exchange.
The holding group announced the completion of an open offer on the market of 29.32 million global depositary receipts (GDR).
Gross income of the group amounted to $344.4 million, some $66.7 million of which account for the office at Astana International Exchange (AIX). Furthermore, one GDR has been sold for $11.75.
“Some 23.63 million GDR out of 29.32 million were purchased by institutional investors outside of Kazakhstan, whereas 5.68 million GDR were purchased by local and international investors in Kazakhstan within the offer at AIX,” the report said.
Upon completion of the proposal, ALMEX will own almost 7.6 billion shares of Halyk Bank, which is approximately 64.7 percent of the total number of shares placed.
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