{
}
Kaspi.kz has signed a share purchase agreement to acquire Rabobank A.Ş., its Turkish subsidiary, aiming to enhance its mobile services through its Super App model. The transaction, deemed non-material, awaits regulatory approvals and marks Kaspi.kz's second acquisition in Turkey in 2025.In a separate development, Kaspi.kz partnered with Alipay+ in May 2024, enabling customers to make cashless payments in China using QR codes via the Super App, facilitating transactions for Kazakhstanis traveling in the country.
Kazakhstan's largest e-commerce group, Kaspi.kz, has agreed to acquire Rabobank's Turkish subsidiary, which is a fully licensed bank in Türkiye with no borrowing or depositing clients and a single branch. The acquisition, announced on March 27, is pending regulatory approval and is considered non-material. Rabobank's Turkish operations, established in 2013, are the 40th largest lender in the Turkish banking sector, with assets of 1.9 billion Turkish Liras as of the end of 2024.
Kazakhstan's largest e-commerce group, Kaspi.kz, has agreed to acquire Rabobank's Turkish subsidiary, pending regulatory approval. The transaction is deemed non-material, as Rabobank A.S. operates without borrowing or depositing clients and lacks a branch network. In October, Kaspi became the controlling shareholder of Turkish e-commerce firm Hepsiburada, holding 65.4% of its shares. Kaspi has been listed on Nasdaq since January 2024.
Kaspi.kz has signed a share purchase agreement to acquire Rabobank Group's Turkish subsidiary, Rabobank A.Ş., which is a fully licensed bank in Turkiye without clients or a branch network. The transaction awaits regulatory approvals and customary closing conditions. Kaspi.kz aims to enhance lives through innovative mobile products and operates a dual Super App model for consumers and merchants, driving strong growth and profitability.
Kazakhstan's largest publicly traded company, Kaspi.kz JSC, is set to issue its first bond to raise at least $500 million over five years, targeting international fixed-income investors. With a market capitalization of approximately $19 billion, the Almaty-based firm serves 14 million users in a country of 20 million and is focused on international expansion. Citigroup Inc. and JPMorgan Chase & Co. are acting as arrangers for the bond transaction.
Kaspi.kz JSC
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
kaspi kz to acquire rabobank turkish subsidiary enhancing mobile payment services
14:22 31.03.2025
Kazakh Kaspi acquires Rabobank's Turkish banking operations in strategic move
09:45 28.03.2025
kaspi acquires rabobank's turkish subsidiary expanding e-commerce presence in turkey
06:45 28.03.2025
Kaspi.kz to acquire Rabobank's Turkish subsidiary in strategic expansion move
12:17 27.03.2025
Kazakhstan's Kaspi plans 500 million dollar bond for acquisitions
05:00 18.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Market Analysis and Predictions
Retail and Consumer Goods
CEO Changes
Financial Scams and Security
Global Trade Developments
Central Bank Actions
GDP Growth & Recession Forecasts
Industry Mergers & Acquisitions
Government Policies
Hedge Funds & Private Equity
Inflation and Monetary Impact
Workplace Trends
Startups & Entrepreneurship
Government Economic Policies
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Barclays PLC
Morgan Stanley
Deutsche Bank Money Market PP
Lloyds Banking Group plc
Huawei Technologies CO. Ltd.
American Express Company
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
UBS Group AG
AMERICAN EXPRESS
Northern Trust Corporation
Amazon.com, Inc.
Banco Santander, S.A.
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Canadian Dollar
Australian Dollar
Russian Ruble
Mexican Peso
Saudi Riyal
United Arab Emirates Dirham
Indonesian Rupiah
Hong Kong Dollar
Danish Krone
Offshore Chinese Yuan
Singapore Dollar
Ghanaian Cedi
South Korean Won
People: