Freedom Holding Corp. Acquires the Kassa Nova Bank

04.08.2020, 20:46 kursiv.kz

Freedom Holding Corp. announced its acquisition of Kassa Nova Bank JSC, which is part of Forte Bank JSC. The purchase will be made through Freedom Finance JSC. Both sides are waiting for the deal to be approved by the Committee on Regulation of Natural Monopolies, Protection of Competition and Consumer Rights of the Ministry of National Economy and by the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan. Upon completion of the transaction, the Kassa Nova bank will become a subsidiary of Freedom Finance JSC. The prerequisites for closing the deal are expected to be met by the end of the year. According to the information published on the US Securiti