Bolat Nazarbayev whose first and second names are similar to those of Kazakh President Nursultan Nazarbayev's brother has announced intentions to buy 50 percent of shares of Kyiv-based Eurobank.
Bolat Nazarbayev plans to buy 63.335 million shares, which is 50 percent of the Ukrainian bank’s registered charter capital, an official announcement in the Ukrainian National Securities and the Stock Market Commission’s official bulletin reads.
Another 50 percent could be bought by Gulmira Sarsembayeva, the announcement reads.
As was reported, Oleksandr Adarych, the owner and chairman of Kyiv-based Fidobank’s board and shareholder in Eurobank, announced its plans in March 2016 to consolidate his banking assets by merging the two banks and sell the new entity to a foreign investor.
Eurobank was founded in 2005. Its assets as of Oct. 1, 2015, were estimated at Hr 1.634 billion, which let the bank rank 57th among 123 operating banks, according to the National Bank of Ukraine.
Nursultan Nazarbayev’s brother Bolat Nazarbayev in 2014 bought 7.83 percent of shares in Kazakh-based RBK Bank. That bank’s largest stockholders, according to the bank’s website, are Fund-Invest Property Management Direction LLP whose only founder is privately-owned Fund of the First President of the Republic of Kazakhstan – the Nation’s Leader, and Farid Lyukhudzyayev, who owns SBS Group, a group of Kazakh-based production enterprises and mining companies.
