UPDATE 1-Kazakh financial group Kaspi.kz plans London listing [Reuters]
Last goldman sachs group, inc earnings: 4/15 07:30 am
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UPDATE 1-Kazakh financial group Kaspi.kz plans London listing (Adds details) Sept 16 (Reuters) - Kazakh financial group Kaspi.kz which controls the Central Asian nation’s third-largest bank Kaspi Bank plans to list its shares in London, the company said on Monday. Kaspi Bank is a retail-focused lender and Kaspi.kz is a major player in the Kazakh payment systems and e-commerce markets. The offering will consist of a sale of existing shares in the form of global depository receipts (GDRs) by current shareholders, Kaspi.kz said in a statement. The selling shareholders are companies owned by funds advised by Baring Vostok Capital Partners, a subsidiary of the Goldman Sachs Group, Kaspi.kz board Vyacheslav Kim and company chief executive Mikheil Lomtadze. “Each of the selling shareholders intends to retain shareholdings in the company post-IPO,” Kaspi.kz said. Morgan Stanley, UBS, Citigroup and Credit Suisse are acting as joint global coordinators in connection with the offering and, along
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