Rakishev buys BTA Bank with KKB

Rakishev buys BTA: Kazakhstan’s largest bank KKB and Kazakh businessman Kenes Rakishev have joined forces to acquire the BTA Bank from Kazakhstan’s Samruk Kazyna sovereign wealth fund in a move that will create what may be the largest retail bank in Kazakhstan. In a separate move, the wealth fund also sold its remaining shares in Temirbank. Tengrinews