PRESS RELEASE
10 October 2024

Kinstellar Advises Baiterek National Managing Holding JSC On The Sale Of Bereke Bank, In Kazakhstan

K
Kinstellar

Contributor

Kinstellar acts as trusted legal counsel to leading investors across Emerging Europe and Central Asia. With offices in 11 jurisdictions and over 350 local and international lawyers, we deliver consistent, joined-up legal advice and assistance across diverse regional markets – together with the know-how and experience to champion your interests while minimising exposure to risk.
Kinstellar has advised Baiterek National Managing Holding JSC on the KZT 65 billion (approx. US$135 million) sale of Bereke Bank JSC to Lesha Bank LLC...
Kazakhstan

October 2024 – Kinstellar has advised Baiterek National Managing Holding JSC on the KZT 65 billion (approx. US$135 million) sale of Bereke Bank JSC to Lesha Bank LLC, the first independent Shari'a-compliant Bank authorized by the Qatar Financial Center Regulatory Authority (QFCRA), and a listed entity on the Qatar Stock Exchange (QSE: QFBQ). This significant transaction aligns with the President Kassym-Jomart Tokayev's drive for foreign investment in Kazakhstan's financial sector.

Our involvement highlights our ability to navigate complex legal frameworks, particularly when dealing with government entities. This deal continues to demonstrate Kinstellar's strong M&A capabilities on transactions involving Kazakhstan and English law and confirmed our leading role in the banking sector in Kazakhstan.

Our legal team was led by Pavel Kornilov, and included Managing Partner, Joel Benjamin, with support from Senior Associate Bianka Kovacs and Legal Assistants Kamila Serik and Usen Tastanbekov.

PRESS RELEASE
10 October 2024

Kinstellar Advises Baiterek National Managing Holding JSC On The Sale Of Bereke Bank, In Kazakhstan

Kazakhstan

Contributor

Kinstellar acts as trusted legal counsel to leading investors across Emerging Europe and Central Asia. With offices in 11 jurisdictions and over 350 local and international lawyers, we deliver consistent, joined-up legal advice and assistance across diverse regional markets – together with the know-how and experience to champion your interests while minimising exposure to risk.

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