|
|
|
|
 |
|
 |
 |
|
|
|
|
|
|
| 11/27/2008 |
| Samruk-Kazyna and Renaissance Capital intend to collaborate on establishment of the
government Distressed Asset Fund |
ALMATY, November 27, 2008 – National Welfare Fund Samruk-Kazyna and Renaissance Capital announced their collaboration on setting up the Distressed Asset Fund (DAF) initiated by the Government of Kazakhstan to support the country’s financial sector within the framework of the accepted stabilization program. Renaissance Capital will act as operational partner of Samruk-Kazyna and will take part in the development of DAF’s operational strategy.
Samruk-Kazyna and Renaissance Capital will work jointly with the government’s existing advisors to ensure the restructuring of problem banking assets.
JSC NWF “Samruk – Kazyna” (www.kazyna.kz, www.samruk.gov.kz)
National Welfare Fund “Samruk – Kazyna” is recently created company managing government-owned assets, which controls shares of national companies and financial development institutions with a total market capitalization of around $30 bln. US dollars.
About Renaissance Capital (www.rencap.com)
Renaissance Capital is a leading emerging market investment banking firm focusing on Russia,
Kazakhstan, the CIS and Sub-Saharan Africa. Renaissance Capital has market-leading positions in each of its core businesses - M&A, equity and debt capital markets, securities sales and trading, research, and derivatives. Renaissance Capital is part of the Renaissance Group. Renaissance Capital is the largest full-service investment bank in Kazakhstan combining international expertise with local knowledge.
|
|
|
|
