Among the shareholders of JSC "Freedom Finance" and JSC "Asyl-Invest" has been reached an agreement to purchase 100% shares of JSC "Asyl-Invest". The details of the deal will be officially announced at a press conference in Almaty on Tuesday, May 16th. This was reported by the press service of Freedom Finance.
Freedom Finance buys its direct competitor. JSC "Freedom Finance" is the largest retail player in the brokerage market. To date, the company opened about 35 thousand. Individuals' accounts, while Asyl-Invest, which is the second largest player in this market, about 18 thousand. Thus, as a result of the transaction, "Freedom Finance" by almost 50% increase in its retail customer base.
The commentary "Rk" Chairman of the Board of Directors of JSC "Asyl-Invest" Gabiden Saparbekuly explained that "this is not a merger or union, is to buy the company - Freedom Finance has bought 100% of shares of JSC" Asyl-Invest ".
US Stock Market: Again at the highs ... Enhance certainty about the election results in France, positive quarterly reports and the expectation of tax reform in the United States have become the drivers Po- st ... The exact amount of the transaction speaker did not mention, but stressed that "the amount of the transaction satisfies both the buyer and the seller." "To date, we believe that it is fair, the market", - he said.
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Gabiden Saparbekuly added that the sale of "Asyl-Invest" does not mean that the company has experienced some difficulties in recent years, on the contrary, he said, the market brokerage services to this day there were only two of the company's market.
"No Asyl-Invest, or Freedom Finance are not subsidiaries of the Bank. Secondly, the company Asyl-Invest is a successful and profitable business, so offer from Freedom Finance was to be expected ", - he said.
Related Content Kazakhstan plans to use blokcheyn technology in the financial sector Afternoon session: tenge weakened slightly US stock market: Again on the highs Number of cash withdrawal transactions through cards increased by 14% Morning session: tenge continues to grow JSC "Freedom Finance" - a company providing professional services in the capital markets. Established in the Republic of Kazakhstan 9 years ago, provides full support for the work of clients in the markets: ranging from generating investment ideas, analytical support, finishing with the help of accounting in trade and specialist consultations.
The company's assets, according to the report pervokvartalnomu 2017, up 20.44 billion tenge. In this case, the company's equity totals 7.62 billion tenge. Net income for the first quarter amounted to 1.39 billion tenge, which is 42% more than in the same period of the previous year.
Afternoon session: tenge weakened slightly
Asyl-Invest is also engaged in asset management, provides brokerage services. The company's assets at today there are 889 990 000 tenge.
tags: # Freedom Finance # finances # Purchase of shares # Asyl-Invest # Merge # Stock market A source: Press-service of "Freedom Finance"
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