Kaspi.kz to acquire Rabobank Group’s Turkish subsidiary Rabobank A.Ş.
Kaspi.kz (NASDAQ: KSPI) has entered into a share purchase agreement to acquire Rabobank A.Ş., the Turkish subsidiary of Rabobank Group. The target is a fully licensed bank in Turkiye, currently operating without borrowing or depositing clients and lacking a branch network. The transaction, described as non-material, remains subject to regulatory approvals and customary closing conditions.
Kaspi.kz (NASDAQ: KSPI) ha stipulato un accordo per l'acquisto di azioni per acquisire Rabobank A.Ş., la filiale turca del Gruppo Rabobank. L'obiettivo è una banca completamente autorizzata in Turchia, attualmente operante senza prestiti o depositi da parte dei clienti e priva di una rete di filiali. La transazione, descritta come non materiale, è soggetta all'approvazione delle autorità di regolamentazione e alle consuete condizioni di chiusura.
Kaspi.kz (NASDAQ: KSPI) ha firmado un acuerdo de compra de acciones para adquirir Rabobank A.Ş., la filial turca del Grupo Rabobank. El objetivo es un banco completamente autorizado en Turquía, que actualmente opera sin préstamos ni depósitos de clientes y carece de una red de sucursales. La transacción, descrita como no material, está sujeta a aprobaciones regulatorias y a las condiciones habituales de cierre.
Kaspi.kz (NASDAQ: KSPI)는 Rabobank A.Ş.를 인수하기 위한 주식 매매 계약을 체결했습니다. 이는 Rabobank 그룹의 터키 자회사입니다. 목표는 터키에서 완전히 라이센스가 있는 은행으로, 현재 고객의 대출이나 예금을 받지 않으며 지점 네트워크가 없습니다. 이 거래는 비물질적이라고 설명되며, 규제 승인 및 관행적인 마감 조건에 따라 진행됩니다.
Kaspi.kz (NASDAQ: KSPI) a conclu un accord d'achat d'actions pour acquérir Rabobank A.Ş., la filiale turque du groupe Rabobank. L'objectif est une banque entièrement licenciée en Turquie, actuellement en activité sans emprunts ni dépôts de clients et sans réseau d'agences. La transaction, décrite comme non matérielle, reste soumise à des approbations réglementaires et aux conditions de clôture habituelles.
Kaspi.kz (NASDAQ: KSPI) hat einen Aktienkaufvertrag unterzeichnet, um Rabobank A.Ş., die türkische Tochtergesellschaft der Rabobank-Gruppe, zu erwerben. Das Ziel ist eine vollständig lizenzierte Bank in der Türkei, die derzeit ohne Kredite oder Einlagen von Kunden operiert und über kein Filialnetz verfügt. Die Transaktion, die als nicht materielle beschrieben wird, unterliegt den Genehmigungen der Aufsichtsbehörden und den üblichen Abschlussbedingungen.
- Acquisition provides Kaspi.kz with a full banking license in Turkey
- Non-material transaction suggests minimal financial impact on KSPI
- Acquired entity has no existing client base or branch network
- Transaction completion timeline uncertain pending regulatory approvals
ALMATY, Kazakhstan, March 27, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz” NASDAQ: KSPI) has signed a share purchase agreement with Rabobank Group, relating to the purchase of Rabobank’s Turkish subsidiary Rabobank A.Ş.
The transaction is not material. Rabobank A.Ş. is a fully licensed bank in Turkiye which has neither borrowing or depositing clients nor a branch network.
The closing of the transaction is pending the receipt of required regulatory approvals and satisfaction of all customary closing conditions.
About Kaspi.kz
Kaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants.
Through these Super Apps consumers and merchants can access our leading Payments, Marketplace, and Fintech Platforms. All our services are designed to be highly relevant to users’ everyday needs and enable consumers and merchants to connect and transact between themselves.
The combination of a large, highly engaged consumer and merchant base, best-in-class, highly relevant digital products and a capex lite approach, results in strong top-line growth, a profitable business model and enables us to continue innovating, delighting our users and fulfilling our mission.
Harvard Business School has written two case studies on Kaspi.kz which it continues to teach to its MBA students.
Kaspi.kz has been listed on Nasdaq since January 2024.
For further information
David Ferguson, david.ferguson@kaspi.kz +44 7427 751 275
FAQ
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