Kaspi.kz, the Kazakhstan-based banking and fintech big, on Thursday introduced it had signed an settlement to buy Netherlands-based lender Rabobank’s operations in Türkiye.
It’s the second deal for Kaspi.kz in Türkiye in months after it acquired a majority stake in Turkish e-commerce know-how platform Hepsiburada in mid-October.
In a press release, Kaspi.kz mentioned it had reached an settlement to amass the shares of Rabobank A.Ş.
Rabobank, which has been working in Türkiye since 2014, holds a full banking license as a deposit financial institution.
The assertion didn’t present any info on the monetary particulars of the acquisition however mentioned it was nonetheless topic to regulatory approval.
“The transaction is not material. Rabobank A.Ş. is a fully licensed bank in Türkiye which has neither borrowing or depositing clients nor a branch network,” it mentioned.
Last July, Rönesans Holding had additionally introduced an settlement to amass Rabobank’s operations in Türkiye. However, no additional updates had been offered concerning the closure of that deal.
In October, Kaspi.kz grew to become a controlling shareholder in Hepsiburada after buying 65.41% of the full excellent Class A and Class B shares of the e-commerce firm for about $1.13 billion in money.
Kaspi.kz has additionally been listed on Nasdaq since January 2024.
Source: www.dailysabah.com