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Article: Bank Caspian to spend up to $1.5 bln on financial company.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- October 30, 2007
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Bank Caspian to spend up to $1.5 bln on financial company
ALMATY. Oct 30 (Interfax-Kazakhstan) -Shareholders of Kazakhstan's Caspian Bank are looking at spending up to $1.5 billion to acquire a financial company.
"We have large resources in terms of capital and investment - Caspian Bank shareholders have at least $1.5 billion. That is why we are looking at specific investment that is not linked with the banking sector," Caspian Bank Chairman Mikhail Lomtadze said at a press conference Tuesday in Almaty.
"We are in talks and are analyzing the market in order to determine which companies would have a strategic significance to us in order to buy," ...