KAZAKHSTAN DEAL
January 1st, 2003
BY ALAN OSBORNTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is to acquire 35 per cent of the equity of one of the leading Kazakhstan insurance companies, Kazkommerts Policy (KPIC). The European Union's EBRD, (the largest single investor in central and eastern Europe and the former Soviet Union), said it was subscribing for 53,846 ordinary shares but declined to give a price.The remaining shares in KPIC are owned by Kazakommertsbank (KKB), the country's largest bank, which is already closely associated with the EBRD in the development of Kazakhstan's ...
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