Halyk Bank to acquire minority stake in Uzbekistan’s Click; Sells shares in Tenge Bank
ALMATY: JSC Halyk Bank, Kazakhstan’s largest financial group, said Wednesday it will acquire a 49% stake in Uzbekistan-based payment services provider Click JSC for $176.4 million, while selling an identical stake in its wholly owned Tenge Bank JSCB to Click’s shareholders for $60.76 million. The dual transaction, subject to regulatory approval in both countries, paves…