China CITIC Bank / Shuangwei acquisition of 60% stake in Altyn Bank

24/4/2018

Private acquisition

Status:

Completed

Date:

24/4/2018

Overview:

China CITIC Bank and China Shuangwei Investment Co. (Shuangwei) have acquired a 60% stake in Altyn Bank from Halyk Bank.
The transaction represents the first ever acquisition of a commercial bank in Kazakhstan by a major Chinese bank.

Jurisdictions:

China
Kazakhstan
Russia

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Banking
Financial services

Firms:

Clifford Chance

Party: China CITIC Bank Corporation Ltd (Acquirer)

Party: China Shuangwei Investment (Acquirer)

Lawyers: Terence Foo, Yufei Liao

Kinstellar

Party: Halyk Bank (Seller)

Lawyer: Adlet Yerkinbayev

Linklaters

Party: Halyk Bank (Seller)

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